Bithumb Resumes Post-Hack Operations

written by

Support free journalists: > send a tip

South Korea cryptocurrency exchange has announced today on a blog post that it will resume partial operations following a hack in March, in two days’ time on 17 May, this Friday.

The exchange will begin operations with only three cryptocurrencies for the time being, allowing trading for Ripple (XRP), Bitcoin Cash (BCH) and EOS. This was intended to “minimize the inconvenience to members until the resumption of deposits and withdrawals“.

In the blog post, it stated [translated]:

“At the moment when the security enhancement that we anticipate will be completed, deposit and withdrawal will resume in about a month. We will proceed with the resuming sequentially considering the price difference and service stability.”

In March, the exchange was infiltrated by hackers who successfully made away with EOS 3 million, which was at the time worth USD 13 million. Primitive Ventures’s Dovey Wan had revealed then that the exchange’s hot wallet was compromised, allowing hackers to siphon off EOS and transfer them out to other exchanges such as. Binance CEO Changpeng Zhao had announced at the time that his exchange had not received any of the stolen funds. His own exchange was to be the subject of a hack earlier in May, losing USD 40 million in Bitcoin, but was fully covered by its own security funds.

Bithumb has been working with the KISA, Cyber Police Agency and other security companies, as well as with other exchanges, to track the stolen funds.


Follow on Twitter: @bitcoinnewscom

Telegram Alerts from

Want to advertise or get published on – View our Media Kit PDF here.

Image Courtesy: Pixabay

Help spread this article :) is NOT INVESTMENT ADVICE

Opinions expressed are entirely their own and do not necessarily reflect those of

For informational purposes only. Individuals and entities should not construe any information on this site as investment, financial, legal, tax, accounting or other advice. Information provided does not constitute a recommendation or endorsement by to buy or sell bitcoin, cryptocurrencies or other financial instruments. Forecasts are inherently limited and cannot be relied upon. Do your own research and consult a professional advisor. The opinion of authors do not reflect those of 


Read More Bitcoin News


Join our Newsletter


Latest on Bitcoin News

Video of the Week

Join our Newsletter