Bithumb temporarily suspended deposit and withdrawal services on its platform. The South Korean cryptocurrency exchange appears to be the latest victim of another hack with $15 million worth of EOS allegedly stolen by cybercriminals.
Bithumb Admits Suspicious Activity
In a notice published on the company’s website on Saturday (March 30, 2019), Bithumb apologized to its users for inconveniences suffered on account of its decision to temporarily suspend deposit and withdrawals services on the platform.
According to the statement, the move was a precautionary step following the detection of unusual cryptocurrency withdrawals from its cold wallet storage. Bithumb also said that it was collaborating with other platforms to trace and recover the stolen funds.
An excerpt from the statement reads:
Our members’ KRW deposit/withdrawal service is normally available, and we will do our best to secure the stability of the service and to resume as soon as possible. Specific resumption schedule will be announced through a separate announcement.
Another Bithumb Hack?
The Bithumb statement comes almost 24 hours after reports first emerged on Twitter of another Bithumb hack. According to Dovey Wan, suspected hackers gained control of the private key for Bithumb’s EOS account.
(SGT time zone)
3/29 9:40AM – Hacker account ifguz3chmamg was created via accountcreat
3/29 9 to 11PM – Bithumb wallet g4ydomrxhege has been transferred out 3,132,672 EOS to the hacker account, total 16 transactions
— Dovey Wan Read more