Billions stolen from South Korean Bitcoin exchange

[Wind_FURY]

The Korean exchange has already said that they are paying back their customers after the thefts. The OP, by making that title thought he can start something.

[Casdinyard]

With this being happened the investor or korean people that is investing and trading with Bitcoin will halt I think because they will lose confidence with this hacking incident even though the company will refund the losses.

Company will refund the losses? Where you got that information, I have read that they will only pay small amount to compensate loss of personal information which could be way lower than what actually they have lost.

Korean people will learn to not have all their bitcoins in exchange platform with this incident, rather than losing confidence in bitcoin trading. 

I doubt that also that the company will be able to refund the loses, well if they be able to refund that's good for their customers but expect the decrease in their customers.
Storing your coin in an exchange is a big risk in hacking why don't they just store their coins in their offline wallets? Less conflict like they can sleep soundly at night without worrying about their coins.

[cafucafucafu]

Bithumb, the fourth largest Bitcoin exchange in the world was recently hacked resulting in Billions of Won being stolen.

Read more: https://blog.coinspectator.com/2017/07/04/billions-stolen-from-south-korean-bitcoin-exchange/

How much was actually stolen, is there an exact figure for this? And apparently it wasn't an insider job and their central servers were not infiltrated. But still, a lot of users were hacked. That's something strange right there that needs explaining imo.

The Korean exchange has already said that they are paying back their customers after the thefts. The OP, by making that title thought he can start something.

No. They are only refunding $870 per user affected, it seems. So it is nowhere near the magnitude of damages that have been actually done to the individual user accounts, because they're only paying back the loss in personal info, not the financial losses.

Bithumb have promised to compensate its users for loss of personal information amounting to $870 per user (despite losses exceeding this amount)

[Ayiranorea]

The Korean exchange has already said that they are paying back their customers after the thefts. The OP, by making that title thought he can start something.

That's good a good decision from the exchange authority. This is how situations can be handled in a better way and the reputation of the exchange can be gained. Maybe Op is not aware of the news clearly and it's better to make things more secure than just lossing and paying them back.

[ubercool]

The Korean exchange has already said that they are paying back their customers after the thefts. The OP, by making that title thought he can start something.

That's good a good decision from the exchange authority. This is how situations can be handled in a better way and the reputation of the exchange can be gained. Maybe Op is not aware of the news clearly and it's better to make things more secure than just lossing and paying them back.

No its not true. Yet. They are only compensating for the loss of user's personal sensitive information and not for the account balance. It became a trend these days to hack an exchange which is poorly built with low-security features. If we want BTC or other cryptocurrencies to grow then we should have maximum security for wallets and exchanges.