How Bithumb Could Work With Crypto Exchanges to Recover Losses

Описание: How Bithumb Could Work With Crypto Exchanges to Recover Losses
Subscribe: http://bit.ly/CryptoCoinNewsYT

Recently the news popped up that Bithumb, the South Korean exchange, suffered losses of 35 billion Korean Won after the security of the exchange was breached by an unknown party. As per the media reports, the amount lost is equivalent to $31.5 million. The hack was first reported on 10th June 2018 and an announcement followed that Bithumb will try its level best to recover all their losses by using their own reserves and working with other agencies.

The statement from the Bithumb Authorities, right after the confirmation of the hack, says “We have announced about 35 billion Korean worth of damages. Bithumb is reducing the amount of damage through on-going damage recovery, so future figures are expected to be lower."

Bithumb Hackers still unknown

Bithumb has been working on recovering the hacked amount of money after they confirmed that attackers had managed to access their systems. Where the news of loss of millions to the attack came out there, it has been disappointing to know that the firm has not provided any information on how the attackers managed to breach the security. As per the media reports, it has been said that XRP was targeted by the hackers through which they managed to steal millions of dollars.

Read more on: https://cryptocoin.news/analysis/how-...