One of the world’s largest Bitcoin and Ether cryptocurrencies exchanges Bithumb has recently been hacked, leading to loss of over $1 Million in cryptocurrencies when a number of its user accounts compromised.
Bithumb is South Korea’s largest cryptocurrency exchange with two hundredth of world ether trades, and roughly 100 pc of the worldwide bitcoin trade is changed for South Korea’s currency, the Won.
Bithumb is presently the fourth largest Bitcoin exchange and therefore the biggest Ethereum exchange within the world.
Last week, a cyber attack on the cryptocurrency exchange big resulted during a variety of user accounts being compromised, and billions of South Korean Won were purloined from customers accounts.
Around ten Million Won value of bitcoins were allegedly purloined from one victim’s account, in step with the Kyunghyang Shinmun, a serious native newspaper.
A survey of users United Nations agency lost cryptocurrencies within the cyber attack reveals “it is calculable that many legion won [worth of cryptocurrencies] are withdrawn from accounts of 1 hundred investors. One member claims to own had one.2 billion won purloined.”
Besides digital currencies, hackers were succeeded in stealing the private data of thirty one,800 Bithumb web site users, as well as their names, email addresses, and itinerant numbers, the South Korean government-funded Yonhap News rumored.
However, Bithumb claims that this variety represents around third of its customers.
The exchange conjointly told Yonhap that it contacted South Korea’s law-breaking watchdog on Junethirty, Friday when it learned of the program Saints Peter and Paul.
Bithumb believes that one in all its employee’s computing device was hacked within the attack and not its entire network and no passwords were compromised, thus it’s not possible for hackers to achievedirect access to user accounts.
The digital currency exchange says that the loss of funds is that the results of exploitation “disposable passwords” so as to hold out digital transactions on-line.
“The worker computer, not the pinnacle workplace server, was hacked. Personal data like itinerantand email address of some users were leaked,” Bithumb told the newspaper. “However, some customers were found to own been purloined from thanks to the disposable positive identification employed inelectronic monetary transactions.”
While over one hundred Bithumb customers have already filed a grievance with the National Police Agency’s law-breaking report center concerning the hack, South Korean officers area unit currentlywork the incident.