Will Bithumb hack affect Altcoin too?

[sircy]

the terrible news if the site could be up to Exchange stolen as easily as that. of course this will affect altcoin also remembers bitcoin has always been a reference for almost all altcoin. whether it will impact big or small but certainly hoping only the best.

[1714212417]

1714212417

[1714212417]

1714212417

[1714212417]

1714212417

[1714212417]

1714212417

[starplaks]

Unambiguously affect, and so will be as long as there is one pair of bitcoins / altcoin, as soon as there is a pair of fiat / altcoin, everything will be fine!)

[Labay]

Few hours ago i read on CNN that one of the world's largest cryptocurrency Exchange site was hacked and the thieves got away with $30million dollars worth of cryptocurrency. According to the news, the news of the theft at the exchange hit the prices of cryptocurrencies. Bitcoin fell around 2%.

What is your view. Will it affect all altcoins too?

As they see, it affects bitcoin at 2%.  Of course when the bitcoin fell, there are many exchange of altcoin to bitcoin affect the price.  When you see the price that bitcoin get the highest price then when it falls, almost all altcoins fall too.

How they hacked it? the transaction can be tracked when the hackers hacked some crypto?

[5ensei]

Depends what you invested in. Majority of altcoins will fall, but if you went all in with ethereum classic then you would not have been affected. After the news about being listed on coinbase it has been immune to the bearish dumps in the market

[limtjoehua]

whether bithumb has been hacked, is it correct?
but why bithumb has removed a tweet about the hack they have been experiencing?
I think there's something awkward and wrong, is incident a conspiracy to manipulate the market?

[damgdas]

Yes, the exchange was stolen and hackers dumped all the COINS, causing all altcoins on the market to fall.

With the news that the market has fallen, people will be more afraid to trade on the password exchanges.

[ClarenceDo]

Basically this news is really disappointing for crypto users I don’t know how valid this news is if it is true then the people of the investor will be broke because they have investment there also this types of things affect the whole market also price so we should always careful about it.

[ClintonJ]

Mainly Crypto market is now fully secured because this market is fully decentralized so there is less chances of hack this system but few years ago this incident happened but this incident is fully uncertain because it was impossible but they recover this loss soon because crypto market is popular now.

[abayan]

Few hours ago i read on CNN that one of the world's largest cryptocurrency Exchange site was hacked and the thieves got away with $30million dollars worth of cryptocurrency. According to the news, the news of the theft at the exchange hit the prices of cryptocurrencies. Bitcoin fell around 2%.

What is your view. Will it affect all altcoins too?

No, there's no direct effect on the altcoins to dump but for whole yes like what happened bitcoin falls down and panic starts altcoins followed the dump. Bitcoin doesn't fell down 2% it continues until now we are lying on the bottom.

[Jombrangs]

All of the alternative coins in the market are independent to each other since they have each of them juridical personality;
therefore the existence will not affect but there are some factor might be, like demand.

[JohnMacZeppelin]

As we saw that we did not feel any effect from this, now the most important thing is how manipulators skillfully work with the market, and most likely it is made by a quantum computer that is already very quickly gaining power.

[mey466]

could happen if Bitcoin continues to decline will certainly affect the price of all atlcoin and tokens would come downhill, very in pity the huge exchange in stolen

[haroldtee]

could happen if Bitcoin continues to decline will certainly affect the price of all atlcoin and tokens would come downhill, very in pity the huge exchange in stolen

If bithumb hack was to have an effect on the whole market generally, it would have gone lower than this by now out of panic, but bithumb was quick to douse the tension in the market immediately with their response. However, that does not change the fact that we are in a downtrend and for now, the market is not actually relying on any news to move as it is right now, but simply being directed however the whales want it which makes fundamental useless in a way.

[Xclusive5]

Yes it affected the price bitcoin because many users who hold their coin on bithumb exchange began to sell their coin very at low price. Sometimes I find it difficult to understand those people that love panic sell. That day of the incidence, bithumb exchange made it know that it will refund the affected users so I don't know why people still went ahead to panic sell.

[abayan]

Yes it affected the price bitcoin because many users who hold their coin on bithumb exchange began to sell their coin very at low price. Sometimes I find it difficult to understand those people that love panic sell. That day of the incidence, bithumb exchange made it know that it will refund the affected users so I don't know why people still went ahead to panic sell.

Of course you will be in panic with that but i think its just useless if they sold it in cheap price as if they can withdraw the funds while its on hack? I don't think they will do it so its best to hold their position and wait for the exchange advice what to do or take action.

[tumokatok]

This is one of the reasons why investors withdraw because they fear things like this happen. I hope this major exchange improves their security to get rid of this hacker because it's frustrating. We all wait and expect the recovery of bitcoin values. We noticed a recent increase but this hack can really affect the price

[annstasia009]

This market is very dependent on news so even such news will affect this market and then we will see a fall in the market so think of fmi see

[criptoman83]

I think hacking Bithumb had no impact on the cryptocurrency. Yes, there will always be people who panic and dump assets at the first bad news. But fortunately, such people don't form a market, such people help to earn "smart" people , whales.   Now, we are seeing a period of depression, although today specifically all my coins have grown by about 30%, but I'm sure this is a deceptive move. Not yet! We didn't have the right news, which would have forced the market to turn around.

[Greed Dev]

Few hours ago i read on CNN that one of the world's largest cryptocurrency Exchange site was hacked and the thieves got away with $30million dollars worth of cryptocurrency. According to the news, the news of the theft at the exchange hit the prices of cryptocurrencies. Bitcoin fell around 2%.

What is your view. Will it affect all altcoins too?

in the last time over time, Bithumb is the main reason for the price drop. I hope that in the future the exchange will be better security to avoid the hacker attacks

[trash321]

As we can now see, the hacking of the stock exchange has already affected the market and we started moving on, this year there were a lot of different attacks and if you notice how seriously now people are doing security then you will realize that such hacking is not done by people.