Hackers Steal $31 Million Worth Of South Korean Cryptocurrency Bithumb
SEOUL, South Korea (AP) -- A leading South Korean cryptocurrency exchange says $31 million worth of virtual currencies have been stolen by hackers.
Bithumb, the country's second-largest exchange, said cyberattacks from late Tuesday night to Wednesday morning led to the loss of 35 billion South Korean won worth of cryptocurrencies.
Bithumb said it has suspended trading and exchanging cryptocurrencies to Korean won following the hacking.
It did not say which types of coins were lost. The company promised it would compensate the loss.
It is the latest series of cyberattacks on crypto exchanges that have raised security concerns for investors. Earlier this month, a small exchange in South Korea called Coinrail was hacked and reportedly lost coins worth $37 million.
© Copyright 2018 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.