It's like the norm for the current ecosystem nowadays. Exchanges will be hacked every now and then and then there will be quite an effect in the market for a little while and then it will just shrug it off. Bithumb is the largest South Korean exchanges IIRC and also one of the exchanges to hit $20k during the bull run, so it's a shame still that they got 'hacked' despite being known for their intelligence regarding cybersec and datasec (SoKor in general). Surprisingly though, not much fuzz was made about the hack this time, and it looks like a typical Wednesday for traders since there seems to be not much effect on the markets for now.
Is is really the biggest exchange? Damn! I think this means that Bitcoin is actually in very stable condition. But really they should have seen this coming; not even 10 days since the last hack
I didn't know a great deal about S Korea until it became crypto hot.
The more I learn, the more of an incompetent fuckhole it seems. The exchanges are bent, leaky and run by children. The government is too dim to regulate or tax them or notice this monster appear out of nowhere like Battlestar Galactica.
How do they manage to get the trains running on time?
LMFAO this explains everything? But seriously how were they hacked; they got cutting edge technology and everything (I was about to buy Samsung SSD)
Maybe yeah though, perhaps someone just walked into the server room, cntrl a cntrl c ctrnl v gg ez wp no re
that would require the traders to be sitting behind their computers and refreshing all the news websites continuously and as soon as an article is published take action based on it!S
Or maybe when the bitcoin hack happened all the South Koreans noticed their coins were having problems so they told everyone and other people got scared and there was a panic sell...
And when the Mobile Cash app got approved for Bitcoin trading everyone who
It's simply how society's work. Stop and actually think about what bitcoin news events actually mean with respect to human behavior...
Now that I think about it this is
HUGEAn Android and iPhone Bitcoin trading app approved by Wall Street! 7 million users that already use it to send cash to each other!!!!