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Topic: Billions stolen from South Korean Bitcoin exchange - page 4. (Read 2081 times)

hero member
Activity: 2646
Merit: 686
Bithumb, the fourth largest Bitcoin exchange in the world was recently hacked resulting in Billions of Won being stolen.

Read more: https://blog.coinspectator.com/2017/07/04/billions-stolen-from-south-korean-bitcoin-exchange/

Big or small amount theft is a theft and it's sad that it happened and add salts to the wound they are now going to be regulated. I feel people should be careful with their coins as they could be on a risk with their coins lying on a exchange and I again wonder if it will be insider hand involved cause this always happens during a price hike, this once again put the role of exchanges under the scanner.
legendary
Activity: 1120
Merit: 1007
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Billions stolen from South Korean Bitcoin exchange
Billions won only counts around $1 million so actual loss is less than a million which might not cause any panic or dump in market.

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Bithumb have promised to compensate its users for loss of personal information amounting to $870 per user
This is quite confusing, they have promised to give only $870 for loss of personal information but haven't mentioned anything about how they gonna refund their users for loss of their bitcoins.  Roll Eyes


newbie
Activity: 28
Merit: 0
 With the bitcoin market cap as high as it is now, the market will easily absorb it.
legendary
Activity: 1134
Merit: 1010
BTC to the moon is inevitable...
1,000,000,000 Won = $875,853.23 = ~330BTC

this is not even in the top 20 exchange hacks in the history of bitcoin Grin
this is more like the amount that some whales lose if they have a bad trading day...
member
Activity: 99
Merit: 10
Bithumb, the fourth largest Bitcoin exchange in the world was recently hacked resulting in Billions of Won being stolen.

Read more: https://blog.coinspectator.com/2017/07/04/billions-stolen-from-south-korean-bitcoin-exchange/
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