South Korean Crypto Exchange Bithumb hacked again!

Korean Crypto Exchange Bithumb hacked again

South Korean Crypto Exchange Bithumb hacked again!

The South Korean exchange Bithumb has suffered a major attack that began Friday, March 29, 2019 around 1:40 UTC, according to reports of security researchers.
On March 30, 2019, the crypto exchange posted on Twitter that its withdrawals and deposits in cryptocurrency were temporarily stopped.

According to the first reports of security researchers, the events would have been as follows:
The attack began on March 29, 2019 at 1:40 UTC with the hacker creating the wallet EOS “ifguz3chmamg”.
Then, on March 29, 2019, between 13:15 and 15:35 UTC, 3,132,672 EOS were transferred from the address of the “g4ydomrxhege” wallet (belonging to Bithumb) to the address of the “ifguz3chmamg” wallet (belonging to the hacker) in 16 transfers.

Subsequently, around 15:21 UTC, the hacker began to transfer the stolen EOS to other crypto exchanges (including Huobi, HitBTC and Changelly).
The last thing that was reported is that on March 29, 2019, around 4:08 UTC, Bithumb started to transfer the remaining balance of the “g4ydomrxhege” wallet address to its cold wallet (“bithumbshiny”).

This researcher pointed out that it was too late to freeze the EOS extracted from the exchange.
In addition, hackers have already sent stolen EOS tokens to ChangeNow, a non-repository platform that does not require KYC.
And as if that was not enough, it seems that more than 20 million XRP chips have also been stolen.

At the time of publication, the number of stolen crypto-currencies is not known precisely.
However, in Bithumb’s latest official statement, they imply that it could be an internal scam and have alerted the authorities, who are already working to recover the stolen funds.
Recall that the South Korean stock market was hacked in June 2018 when 30 million Dollars of cryptocurrency were stolen.

This is the risk of leaving your tokens on a crypto exchange that can be hacked at any time.
If you do not need to trade your tokens, do not leave them on a crypto exchange but transfer them to a secure wallet like the Ledger Nano X: Click here.

Related Articles: