Bithumb was hacked yesterday and the news has been spreading in the major media for at least 14 hours now based on the article times[1].
price however has not shown any reaction to the news and on top of that in the past 14 hours we have had a rise. granted it was a small rise but still it reached $6841 a couple of hours from this news.
is this a good sign that we have reached the absolute bottom?[1]
https://www.ccn.com/breaking-south-korean-crypto-exchange-bithumb-hacked-thieves-steal-30-million/It's hard to believe this was a real hack, if it were, being a notable exchange should have caused a ruckus, as people would have been afraid of repeating the fate of Mt. Gox. This is the presumption each time an exchange gets hacked. However, there may be more to the story since the price was not so much affected in a negative way and even recovered 'too quickly'. Although, the storm is yet to pass, and the thing to fear the most is the aftermath of this hack, especially with the G20 review of cryptocurrencies coming up in July and SEC breathing down the industry's neck; calling $30 million USD a small amount may have been a wrong choice of words.