Cryptocurrencies fall as Korean exchange says $32 million of coins stolen

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By Eric Lam
Bloomberg News
Tuesday, June 19, 2018

Cryptocurrencies dropped after the second South Korean exchange in as many weeks said it was hacked, renewing concerns about the safety of digital-asset trading venues.

Bithumb, ranked by Coinmarketcap.com as the world's seventh-largest crypto exchange by traded value, said today that hackers stole about 35 billion won ($32 million) and that Ripple was among the coins taken. The exchange halted cryptocurrency deposits and withdrawals, said it will compensate victims, and moved investor assets to a so-called cold wallet, which is disconnected from the Internet and less vulnerable to theft. ...

... For the remainder of the report:

https://www.bloomberg.com/news/articles/2018-06-20/cryptocurrencies-fall...



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