Wow, this is probably bigger news than a lot of peop would expect in my opinion because Bithumb basically rules over the entire Korean market and now that the Korean government is pledging to regulate the bitcoin industry in that country its volume is only going to climb on the charts.
What strikes me the most is that such a big exchange can still have security issues. I mean, most of us here just use a trezor and everything is fine, never gotten hacked or anything. It's either very stupid mistakes made by the security team(not putting coins into cold storage etc.) or it's an insider job(more likely).
Anyone else noticed this?
Bithumb have promised to compensate its users for loss of personal information amounting to $870 per user (despite losses exceeding this amount), although the company is still investigating and has also hinted at further damages being announced.
So are they saying that actual losses weren't compensated, only $870 however big an amount you had on deposit? Or is this $870 extra for every verified user?