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Cryptos Tumble After South Korea's Bithumb Exchange Hacked

Headlines from South Korea’s Yonhap news agency confirm that the Bithumb crypto-exchange has been hacked and 35 billion Won (around $30 million) stolen.

Bithumb’s official Twitter account confirms the temporary suspension of withdrawals, notes that all assets have been moved to cold storage and confirms that all losses will be covered…

The reaction – as it always seems to be on news of an exchange hack – is insta-selling…

For context…

This comes just a week after South Korean exchange Coinrail was hacked.

Developing…

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