• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Play Games
  • BET&WIN
  • Bitcoin Casino Reviews
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Play Games
  • BET&WIN
  • Bitcoin Casino Reviews
Bitcoinist.com
No Result
View All Result
Nexo

Bithumb Hack Update: Cryptocurrency Exchange Recovers 45% of Stolen Coins

Osato Avan-Nomayo by Osato Avan-Nomayo
4 years ago
in Bitcoin Exchange, Altcoins, Bitcoin, Bitcoin Security, News, News teaser
0
Advertisement

Bithumb has managed to recover roughly 45 percent of the cryptocurrencies stolen during the June 20 hack. The platform announced the news in an update published on June 28 — while also providing full disclosure of the digital currencies taken in the attack. The company also acknowledged the support of other exchange platforms in its efforts to recover the stolen funds. 


Taking Back Half

Bithumb initially reported that hackers had managed to steal $31 million in cryptocurrency from its coffers. In its latest hack update report, the platform revealed that it had recovered $14 million worth of the looted cryptocurrencies. Thus, the total losses now stand at $17 million.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

Commenting on the recovery efforts, the company stated:

The main reason for the reduction of the damage is due to the ongoing participation, support, and cooperation of cryptocurrency exchanges and cryptocurrency foundations across the world.

Also, our quick response to the cyber attack by removing cryptocurrencies from hot wallet to cold wallet effectively contributed to reducing the overall damage. At this moment, we will continue our recovery process as well as implementing preventative measures until this incident is fully resolved.

Full List of Cryptocurrencies Stolen

As part of the update, the company also provided a list of all the cryptocurrencies affected in the hack. The hackers managed to steal a total of 11 virtual currencies — including Bitcoin, Bitcoin Cash, Ethereum, and Ripple.

Bitcoin accounted for a significant portion of the theft with about 2,016 BTC stolen (approximately $12 million). The hackers also reportedly took $794,000 and $489,000 in Bitcoin Cash and Ether, respectively, during the attack.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

Before the attack, the 24-hour trading volume on the platform was roughly $400 million. At the time of this writing, that figure stands at $261 million. Bithumb is yet to enable deposits and withdrawals on the platform, explaining:

What is the best crypto casino in July 2022? Read our comprehensive comparison! We made deposits, played and reviewed 80+ crypto casinos to choose the best one.

We have noticed that despite [sic] that we have officially announced to our customers asking not to make any deposit for the time being, yet deposit orders are still made. We would like to strongly ask our customers not to deposit any fund until the whole process of deposit service reformation is complete and until [a] further announcement is given.

In the aftermath of the hack, Bithumb promised to reimburse its customers. The company also plans to carry out an airdrop to compensate its users.

Do you think Bithumb will be able to recover more of the stolen funds? Keep the conversation going in the comment section below. 


Image courtesy of Bithumb.

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Osato Avan-Nomayo

Osato Avan-Nomayo

When I am not knee-deep in cryptocurrency-related news, I am either attempting to beat my scrabble high score or internally debating an existential dilemma.

Related Posts

bitcoin miners

Bitcoin Miners Sold 5,700 BTC During July, New Report Finds

2 hours ago
Bitcoin

Bitcoin Miner Revenue Slows Down As BTC Price Slumps Sideways

4 hours ago
Crypto

Crypto Markets Have ‘Hit The Floor,’ JP Morgan Says, As Bitcoin Nears $24,000

9 hours ago
Maximalists Could Use A Different Route, Says Bitcoin Core Contributor

Maximalists Could Use A Different Route, Says Bitcoin Core Contributor

9 hours ago
Craig Wright

Craig Wright Uses ‘F’ Word Against Interviewer In Asserting He Invented Bitcoin, During TV Guesting

11 hours ago
Bitcoin Bearish Signal: Leverage Ratio Spikes Up

Bitcoin Bearish Signal: Leverage Ratio Spikes Up

1 day ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
  • Crypto Prices from Nomics
© 2022 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Play Games
  • BET&WIN
  • Bitcoin Casino Reviews

© 2021 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.