World’s largest Etherum,bitcoin exchanger Bithumb,has been hacked

The largest bitcoin and ether exchange in South Korea by volume, Bithumb, was recently hacked. According to the local newspaper Kyunghyang, hackers have stolen around 10 Million Won worth of bitcoins from a single account. It is quite impossible to exactly estimate the overall losses, a survey of victims states that hundreds of millions of Korean Won have been stolen from accounts of one hundred users. Hackers also stolen personal information of 31,800 Bithumb users, including names, email addresses, and mobile phone numbers.

 Bithumb is based in South Korea, and the country’s internet watchdog Internet & Security Agency is investigating after some customers say they lost money in the attack. With a reported 75.7% share of the South Korean bitcoin market volume, Bithumb is the first Ethereum exchange worldwide and one of the five largest bitcoin exchanges in the world and hosts over 13,000 bitcoins worth of trading volume daily, or roughly 10 percent of the global bitcoin trade, Bithumb accounts for around 44 percent of South Korean ether trading and 20% of global Ether trades.


There has been a wild surge of interest in Bitcoin, Ethereum, and other digital currencies over the last month, with prices surging to all-time highs. Bitcoin is currently worth $2,578 per coin, with a total global market cap of $42 billion, while Ethereum trades for $263 with a market cap of $24 billion.

It seems like not just investors and digital currency enthusiasts who are excited by the current surge of interest in cryptocurrencies. Criminals are also eyeing up businesses that hold bitcoin and its sister currencies, and no-one can promise absolute security.

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