South Korean Cryptocurrency Bithumb Hacked
1.South korea base cryptocurrency exchange was hacked and $30 Miillion worth cryptocurrency were stolen.
2.Bithumb is one of the busy exchanges for virtual currency.
3.Bithumb is one of the biggest exchange for cryptocurrency.
4.Exchange said the stolen coins would be covered and it moved all users assets into safe"Cold wallet"
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After South korea based cryptocurrency exchane bithumb hacked it was temporarily suspending deposit and withrawal service after $30 million worth cryptocurrency is stolen. Due to the increasing safety issues, we are changing our wallet system.bithumb is second local exchange targeted in just over a week a cyber thieves the high risks of trading the digital asset.
Bithumb is sixth biggest exchance according to coinmarketcap.com. Cryptocurrency dropped after south korean exchange was hacked.
People should never leave crypto on exchanges, why don't they learn? These hack stories happen on a monthly basis now as well.
This is why we need to move away from centralised exchanges.
Try Radar.Relay, Bancor.network, Kyber Network, or even IDEX.
I strongly recommend Bancor.network, they have over 100 tokens and have a unique protocol which matches orders without buyers and sellers, allowing for greater liquidity for smaller volume tokens.
You are right my friend