Bithumb hacked for $20 million by insiders with funds already sent to other exchanges24

Bithumb, the largest cryptocurrency exchange in South Korea, was hacked on Friday. More than 3 million EOS (~$12.7 million) and 20 million XRP (~$6.2 million) appears to be stolen. In an official statement, Bithumb said that all the stolen cryptocurrency is owned by Bithumb. The exchange stated that users' funds are under the protection of cold wallets.

Bithumb claimed that as a result of an internal inspection, "it is judged that the incident is an accident involving insiders." The exchange is already conducting investigations with Korea Internet & Security Agency, Cyber Police Agency and security companies.

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