Bithumb, South Korea’s biggest crypto exchange as of May, is officially resuming deposits and withdrawals on August 4, after a month of freezing the platform.

Potential Impact of Restoration of Bithumb’s Operations

In June, Bithumb experienced a $40 million hacking attack which led to the loss of investors’ funds, falling victim to a major security breach for the third time in a 12-month period. The successful hacking attempt on Bithumb by an unidentified group of hackers led the local crypto exchange market and investors to panic, as the breach occurred merely weeks after the fall of another large digital asset trading platform Coinrail.

Read More: https://nulltx.com/bithumb-resumes-deposits-influx-of-capital-expected/