Bithumb Hacker Might Have Been an Employee

Bithumb, the biggest exchange of South Korea, has been hacked for about $20 million in different cryptocurrencies. However, the company claims now that there weren’t any hackers that stole funds of their users. According to Bithumb, they save their users’ funds in cold wallets anyway. Instead, Bithumb says now that the company’s own funds moved away from their corporate wallets.

Hacker Had Internal Information

In a surprising twist, Bithumb claims now that the hacker had been an internal worker. The exchange said in an official statement that the attackers must have had internal information. Currently, the investigation is still on-going in cooperation with KISA, the Korean Internet & Security Agencyl, and different security companies.

Not the First Attack On Bithumb

It is not the first time that Bithumb became the victim of a hacker attack. The last one before the recent one was in June last year in which the exchange lost $30 million. After the last hack, the company compensated all their users for their losses. A step that is not required this time. As the stolen funds come directly from corporate wallets.