South Korea cryptocurrency exchange Bithumb says hacked, 35 billion won in coins stolen

20 June 2018

Seoul-based virtual currency exchange Bithumb has been hacked. The company lost £24 million worth of virtual currency held at the exchange, the exchange said. Bithumb said in a notice on its website that it has stopped all trading after ascertaining "some cryptocurrencies 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. It also has moved all users' assets into safe "cold wallets".