Usually when a hack is publicized, the effects would already manifest in the market within minutes, but apparently this one one hasn't and it's been hours. Glad to know that Bithumb would take responsibility of the losses their users may have incurred during the said hack so all is good.
There's a slight drop from $6750 to $6550 right after the hack announced. But yeah, the effect was not as bad as we expect. I was expecting a dump to sub $6K. I guess it has to do with the full reimburse that BitHumb will cover.
You may have the best application service in the world but if all you do is ignore cyber security don't blame Bitcoin.
They have been the largest South Korean exchange for some time, pretty sure they didn't simply ignore their security. Setting up a hackproof system maybe not as easy as it sounds.