$19 200 000 USD

MARCH 2019




“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.

Sources And Further Reading

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