Hackers steal $30mn from top Seoul bitcoin exchange
June 20 2018 09:54 AM
A woman is reflected on a screen showing exchange rates of cryptocurrencies at Bithumb virtual currency exchange in Seoul on Wednesday.


Hackers stole more than $30mn worth of cryptocurrencies from South Korea's top bitcoin exchange, sending the unit's price falling around the world on Wednesday.
The virtual currency was priced at $6,442 late afternoon in Seoul, down about 4.4% from 24 hours earlier, after the latest attack on Bithumb raised concerns over cryptocurrency security. 
Hyper-wired South Korea has emerged as a hotbed of trading in virtual units, at one point accounting for some 20% of global bitcoin transactions -- about 10 times the country's share of the global economy.
Bithumb, which has more than 1 million customers, is the largest virtual currency exchange in the South. 
"It has been confirmed that virtual currencies worth 35bn won ($32mn) was stolen through late night yesterday (Tuesday) to early morning today," the exchange said in a statement. 
All deposits and withdrawals were suspended indefinitely to "ensure security", it said, adding the losses would be covered from the firm's own reserves.
It was the second major attack on South Korean virtual currency exchanges in just 10 days, after hackers stole 40bn won from Seoul-based Coinrail, which suspended withdrawal and deposits services since then. 

Last updated: June 20 2018 01:24 PM

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