BITHUMB

DESCRIPTION OF EVENTS

“Bithumb, South Korea’s largest crypto exchange platform, was hit by hackers in March and lost about $19.2 million with EOS accounting for $13 million and about $6.2 million worth of XRP. The company suspected that the operation was carried out by an insider because of what it described as an “abnormal withdrawal”. The company said all lost funds were owned by Bithumb and no users were affected.”

This hacking took place after a government security inspection by South Korea. EOS and Ripple tokens were taken from presumably insecure wallets. As is the typical case, this is yet another case where tokens were taken from a wallet without multi-sig.

Upbit Is the Seventh Major Crypto Exchange Hack of 2019 - CoinDesk (Feb 4)
Q1 2019 Cryptocurrency Anti-Money Laundering Report - CipherTrace (Feb 20)
Most Significant Hacks of 2019 — New Record of Twelve in One Year (Feb 23)
A Look Back on Some of the Most Devastating Crypto Hacks | Fintech Singapore (Feb 27)
Bitcoin Scams and Cryptocurrency Hacks List - BitcoinExchangeGuide.com (Mar 5)
SlowMist Hacked - SlowMist Zone (Jun 26)
The 23 exchange hacks of 2019 (Aug 8)
Korean Self-regulatory Crypto Industry Body Under Question After 12 Crypto Exchanges Approved | YOUniversityTV (May 8)

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