Bithumb, Second largest trading exchange,with a volume of $330 million,of South Korea announced that it has lost $31 million worth of cryptos to hackers. Due to the hack, withdrawal and deposit service has been stopped and all the assets are being moved to cold storage.The amount hacked will be refunded from bithumb’s own reserve.
[Notice for the suspension of all deposit and withdrawal service]
We checked that some of cryptocurrencies valued about $30,000,000 was stolen. Those stolen cryptocurrencies will be covered from Bithumb and all of assets are being transferring to cold wallet.
— Bithumb (@BithumbOfficial) June 20, 2018
It is not clear which currencies has been hacked but the tweet did have negative effects on the crypto markets, bitcoin fell from around $6718 to a low of $6561 following the tweet from bithumb.This is a second hack of a south korean exchange, the last being coinrail on June 10 this month where $37.2 million worth of cryptos were lost.