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Bithumb Says They Lost $30 mil

On June 20 th, at about 3 am UTC, Bithumb revealed a notification for Twitter customers discussing that the factor behind the suspension of deposit and withdrawals is since they discovered $30 mil to be missing out on from the exchange.

They guaranteed everybody that Bithumb would cover all expenditures and impacted users will be completely reimbursed.

Then this tweet got erased

In an odd habits pattern, the above-featured tweet was eliminated from the exchange ’ s Twitter feed, and changed by 2 other posts, none straight discussing the hack.

The very first one was to offer a statement about briefly stopping the service, on the property that they are looking after their security and assessing the scenario.

The 2nd post asks consumers not to deposit into any Bithumb wallet addresses, as well as reroute us to a page on their site where they describe the scenario discovered in the very first tweet of this news upgrade in more information.

They describe that they have actually seen 35 Billion KRW (South Korean Won) missing out on from their accounts during 19 th June late night and 20 th June morning (UTC Time).

Losses will be compensated by the exchange

In this update, Bithumb is discussing that they will undoubtedly cover all losses that have actually been made as an outcome of this loss. It is still uncertain whether this is because of bad management of funds or whether the platform was jeopardized.


Included Image by means of Bithumb.

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Written by Nikolai

Nikolai is a Canadian writer currently living in Singapore. His started writing on Blockchian and bitcoin since 2017, he do Reviews and Analysis on Coins, ICOs. He holds a Master in Business Management and have keen interest in Computer Since, Blockchain and love to write on latest trends in Blockchain space.


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