Bithumb, which was hacked last month and later asked users to be careful about deposits, has reported a $180 million (205 billion Korean won) loss. The exchange suffers from reduced actual volume and a bear market in cryptocurrencies, according to the Korea Times.
Add It To The List of Bithumb ProblemsBithumb has had a rough year. Just nine months before last month’s hack, about twice as much went missing. A report came out later in the year which found the company probably reports fake volume metrics. At this point, longtime users may be considering other exchanges with a stronger security track record. The exchange laid off dozens of employees in January, during the worst of the bear market, which some believe is now over.
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https://www.ccn.com/bitcoin-exchange-bithumb-180-million-loss-bear-market
