International Development News
Development News Edition

S.Korea cryptocurrency exchange Bithumb says hacked, $32 mln in coins stolen

The exchange said it will "make up for the lost cryptocurrencies" with the exchange's own coins, and has moved all users' assets into safe "cold wallets".


S.Korea cryptocurrency exchange Bithumb says hacked, $32 mln in coins stolen
The exchange said it will "make up for the lost cryptocurrencies" with the exchange's own coins, and has moved all users' assets into safe "cold wallets". (Image Credit: Reuters)

Seoul-based virtual currency exchange Bithumb has been hacked and 35 billion won ($31.51 million) worth of virtual currency held at the exchange stolen, the exchange said on Wednesday.

Bithumb said in a notice on its website that it has stopped all trading after ascertaining "some cryptocurrencies worth about 35 billion won have been seized between late yesterday and early morning today."

The exchange said it will "make up for the lost cryptocurrencies" with the exchange's own coins, and has moved all users' assets into safe "cold wallets".

A Bithumb official could not be immediately reached by Reuters for further comment.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)


TRENDING

OPINION/BLOG/INTERVIEW

How music can help expectant mothers during pregnancy

Music provides pleasant ambience for all but its more important for expectant mothers as besides ensuring pleasant environment for them it also directly and indirectly influences the unborn babies. There are various scientific findings to c...

EdTech: A technical approach to flexible and cost-effective education

Its hight time for the world to go for innovative approaches like e-learning over traditional learning methods that need physical infrastructure, long-term planning, and huge investment. ...

Our school campaigns are our strongest ally: Joaquin Antuna, founder of Peace and Cooperation

Joaquin Antuna is the founder of Peace and Cooperation, a Spanish NGO which was nominated as peace messenger by the United Nations in 1986. Antuna is of very firm opinion that in order to have an incisive impact on the community we live in,...

'No escape from telephones', this 1953 prediction actually comes true

In 1953, a telephone company chief predicted that therell be no escape from telephones in the future....

Videos

Latest News

Central Asia needs innovative strategies to improve irrigation practices

Over 80 experts from five Central Asian countries gathered today in Almaty to discuss how to improve and modernize irrigation practices in Central Asia. The two-day workshop, entitled Towards Regional Initiatives for Modernizing Irrigation ...

Rugby-Pivac names McNicholl and Halaholo in first Wales squad

New Wales coach Wayne Pivac has picked New Zealand-born backs Johnny McNicholl and Willis Halaholo in his first squad to face the Barbarians in Cardiff on Nov. 30, the Welsh Rugby Union said on Tuesday. McNicoll and Halaholo, who qualified ...

RPT-Trump's "Section 232" autos tariff authority runs out of time, experts say

The clock has run out on President Donald Trumps authority to impose Section 232 tariffs on imports of foreign-made cars and auto parts, and he may have to find other means if he wants to pursue tariffs on European or Japanese cars, legal e...

Donors pledge $2.6 billion for "last mile" of polio eradication

Donor governments and philanthropists pledged 2.6 billion on Tuesday to help fund a worldwide polio eradication plan that has taken decades to reach what global health specialists say is now the last mile. The funding - almost half of which...

Give Feedback