BTCITCOIN was dealt another blow last night after South Korean cryptocurrency exchange Bithumb said $31.5 million was stolen by hackers causing the principle coin to fall from $6,742 to $6,562.
South Korean exchange Bithumb said in a notice on its website on Wednesday that it had stopped all trading after ascertaining some cryptocurrencies worth about 35 billion won were seized between late yesterday and early morning today.
The exchange, thas now moved all clients assets in safe cold wallets, which operate on platforms not directly connected to the internet, adding that customers affected would be fully compensated.
Mun Chong-hyun, chief analyst at ESTsecurity, warned that cryptocurrencies represent an ideal target for hackers.
He said: No security measures or regulations can 100 percent guarantee safety of virtual coins. It is held anonymously and in lightly-secured systems, which makes them an irresistible target."
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https://www.express.co.uk/finance/city/976816/Bitcoin-price-ripple-cryptocurrency-ethereum-BTC-to-USD-XRP-news This is just like a scenario in mtgox. For sure, because of this hacked event, BTC price will fall up to 5K USD. Imagine how does the total amount that the thieves got from Bithumb? It will inflict large casualties in bitcoin. Moving on, it is normal nowadays that exchange were seized by desperate hackers. We already experienced in ED so I think, it is usual it to all of us.
Hackers are unstoppable, they can do what they want because they control technology and the internet.