Bithumb hack: Last week, the world’s 11th largest cryptocurrency exchange by its 24-hour trade volume, Bithumb, announced that it had been hacked. The initial reports suggested that close to 35 million Korean won ($31 million USD) had been taken from its platform. Several cryptocurrencies were stolen, including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Bitcoin Cash (BCH).
The original translated tweet read:
“[Urgent notice] to stop the front of the withdrawal service password please stop the money transfer. Today, about 35 billion in the morning, the size of the password was stolen. Your assets are securely housed in a cold wallet. For the time being, we cease to offer passwords and monetary deposits and withdrawals services.”
In those first reports, it was said that XRP was the targeted cryptocurrency, but the latest discoveries announced this morning say otherwise.
BTC, ETH, BCH, and XRP Compromised
[공지] 사고 피해 금액 및 회원 보상 안내
빗썸은 6월 20일 암호화폐 탈취 피해 규모를 약 350억원으로 공지한 바 있습니다. 이후 지속적인 피해 복구 작업을 통해 현재 피해금액은 약 190억원으로 잠정 집계됐습니다. 자세한 보상 내용은 링크를 통해 확인 부탁드립니다. > https://t.co/f8WAV1Ou1n pic.twitter.com/NvQPsXOb3o
— 빗썸 (@Bithumb_Korea) June 28, 2018
This morning, the Bithumb hack details were brought to light by the exchange.
The announcement translated from Korean to English reads:
“[Announcement] Accident damage Amount and membership compensation information comb Sseomeun June 20, the password-deodorizing damage size was announced in approximately 35 billion. In the future, ongoing damage recovery has been counted as the current amount of damage in approximately 19 billion. For further compensation, please check through the link.”
It seems Ripple (XRP) wasn’t the only cryptocurrency hacked from Bithumb accounts after all. As per the chart above, it seems that Bitcoin (BTC) took the biggest hit.
The coins compromised include:
- Bitcoin Cash (BCH)
- Bitcoin (BTC)
- Aelf (ELF)
- Ethereum (ETH)
- Ethos (ETHOS)
- Golem (GNT)
- Hshare (HSR)
- Kyber Networks (KNC)
- OmiseGo (OMG)
- VeChain (VEN)
- Ripple (XRP)
In Bithumb’s announcement via its website, the cryptocurrency exchange states that the main reason for lowering the estimates was due to “ongoing participation, support, and cooperations of the cryptocurrency exchanges and cryptocurrencies [sic] foundations across the world.”
Bithumb asks that its users still refrain from making any deposits at this time. The company will be providing updates on the hack investigations in the near future.
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Featured Image: Twitter