Update: According to Maria Stankevich, Head of Business Development and Communications at EXMO, the exchange has successfully frozen all the unauthorized assets that were sent from Bithumb. The reimburse issue is under active consideration.
One of the largest cryptocurrency exchanges in South Korea, Bithumb, has lost 3 million EOS (EOS) and 20 million ripple (XRP) assets as a result of another hacker attack.
According to Dovey Wan, a partner of venture firm Primitive Ventures, the exchange lost its assets, because a private key of the Bithumb’s EOS hot wallet called "g4ydomrxhege" was stolen.
Wan also said that approximately 662,000 EOS assets were transferred to EXMO, 263,605 to Huobi, 143,511 to Changelly, 96,270 to KuCoin and 38,725 EOS tokens to CoinSwitch.
Later, Wan showed the analytic graph of stolen funds.
Stolen fund flow analysis :— Dovey Wan 🦖 (@DoveyWan) March 30, 2019
Majority of the Bithumb stolen EOS are sent to @Exmo_Com @HuobiGlobal @kucoincom @coinswitch @ChangeNOW_io @hitbtc Changley, and a little bit to @binance @hitbtc and BW pic.twitter.com/shT1Ei4uRC
"This is just insane - 1. It’s the second major Bithumb hack so they literally learned NOTHING from last time 2. Why keeping $15m in a single wallet?? high amount withdraw needs lengthy verification anyway," Wan wrote on Twitter.
Meanwhile, in its official statement, Bithumb highlights that all the spilled cryptocurrency is owned by the company, and all the member’s asset is under the protection of a cold wallet.
At press time, EOS is trading at $4.19 (-2.80%) and XRP at $0.31 (1.28%).
Last year, the exchange lost around $31 million worth of cryptocurrencies as a result of a cyber attack.
In January this year, BTHMB Holdings, the company behind Bithumb, signed a deal with Blockchain Industries, an investment company centered on the crypto and blockchain industries and traded on US over-the-counter to go public in the United States through a reverse merger.
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