AFTER BITHUMB’s HACK, THE SOUTH-KOREAN EXCHANGE PROMISES TO COMPENSATE ITS AFFECTED USERS


The former 6th largest crypto exchange platform based in South-korea is now ranked as the 10th largest crypto exchange due to the hack it encountered some days back. The hackers succeeded in moving a large amount of money from the exchange, Bithumb.

ABOUT 30 billion won ($30 million) was stolen from the exchange’s hot wallet, two days ago but the company has promised to reimburse it’s affected users.

Today, Bithumb tells it’s customers that there is nothing to be worried about, the theft that just occurred didn’t affect the company’s asset in the cold wallet. They are just trying to emphasize on their strict separation of customer and company assets, the latter of which they said is stored in cold wallets.

The company says they believe in their customers and do not plan to let them down in any way. In effect to this, they will try their possible best to make the whole reimbursement process fast, so normal trading activities take place as soon as possible. They promised to keep the general public aware, on the date when normal trading activities will take place.