As we all knows that South Korean Bithumb Exchange was recently hacked and loses $30 Millions worth of Crypto Assets. Bithumb is one of the busiest exchanges for virtual coins. The exchange tweeted that due to the hack, deposits and withdrawals will be temporarily suspended until further notice from them because they were changing their wallet system.
Though Bitcoin made a comeback despite crashing after a recent hack on a South Korean Bithumb Exchange, But expert has warned that bitcoin's “bottoming process” has began and prices could soon sink down to "$4,500".
Even the founder of Litecoin Mr. Charlie Lee said that it will happen because whenever there's an exchange hack, people get scared and the price falls down.
Earlier this month, a small South Korean exchange, Coinrail tweeted that it had been hacked and noted that lesser-known cryptocurrencies such as Pundi X were among those was affected and it was dumped badly and loses around $40 Millions.
