About KRW 35 billion (USD 31.5 million) in cryptocurrencies have been stolen from Bithumb, one of the largest crypto exchanges in South Korea said on Wednesday. Market dropped after the announcement.
The lack of funds was noticed between last night and today early morning, according to the exchange. It promises that "this loss will be compensated by Bithumb's own reservoir". The exchange also claims that other assets of its customers are "completely safe and secured" in the company's cold wallet.
All deposit and withdrawal service have been stopped until further notice.