Bithumb Got Hacked Stolen 30 Million dollars worth of crypto (June 20, 2018)

[Koadharber]

Hello guys,

Recently BitHumb got hacked and the total amount is more than 30 million dollars worth of crypto.

Bithumb suspended all of the withdrawal from their exchange and notified the affected users that they will shoulder the stolen amount.

Bithumb is No.6 Crypto Exchange based on volume https://coinmarketcap.com/exchanges/volume/24-hour/

Here is the reference of news : https://bithumb.cafe/archives/33189

When I saw the notification of this, I only sigh "not again" because its not just the right time that things like this should be happening at. The market does not need any more bad news to react to, giving one more means the worst is already knocking oon our doors. On the bright side though, I would take it as a test on the market because for $30million dollars to be stolen with no significant change in price compared to base price prior the attack means bitcoin is actually getting stronger and the market is currently calm for anyone who wants to make an investment decision.

The good thing again is to commend Bitthumb for managing the situation very well by quickly contacting the affected users who might be in the know and at the same time ensuring the safety of their funds which might be the reason for the maintenance of existing confidence in the market configuration.

Similar thing on my mind where i dont even expect for this thing to happen inspite of this very bearish market days.It do really adds up the negativity circling around the market but even though seeing out the price or behavior of movement seems like it isnt really much affected which is good to see
Confidence on using up exchangers even the top ones will really decrease on each user for sure.

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[cryptowolfsu]

Last week when there was a HACK the whole market decreased while today it was rising- so we cannot
see a direct correlation in the market movements and the hacking as there are many other factors influencing the price.
Correct decision from Bithumb to compensate.

[Bardman]

It's always funny how most of the FUD appears when the market is down or in a uncertain state. It's pretty annoying at this point, I wish garbage FUD like this would be irrelevant to a market so big.

[Supercrypt]

That is really huge and frustrating as these kind of incidents pushes bitcoin market to fall further as affected people will get FUD and also may spread FUD. Honestly, these days it seems exchanges are really becoming more subjected to huge attacks, is must be really unfortunate for any crypto enthusiastic. It is a good thing though that they are immediately going to be reimbursing all the affected users and I hope they do that soon, but it is a terrible thing to experience though, with the huge amount that ended up being stolen. Security is becoming something that must be highly tended to in this space.