Review on Bithumb by Robiul Islam
Recently, Bithumb has had around $13 million in the EOS cryptocurrency stolen…
Recently, Bithumb has had around $13 million in the EOS cryptocurrency stolen in a hack, The company confirmed that it first spotted an “abnormal withdrawal” of the cryptocurrency through its monitoring system at 22:00 Korean time (13:00 UTC) on Friday, March 29. The exchange suspended asset withdrawals and deposits on the platform after noticing the breach. The company said in its statement that it suspects the hack was conducted by an insider, since no evidence of external exploit has been found.
Updated 5 years ago
Rating has not been changed
Bithumb has been prosecuted for its alleged failure to take adequate measures to protect personal information, which was later presumably exploited by hackers to steal funds from the platform.
Pros
- *Simple and straightforward exchange platform. *Access to a range of the world’s most popular crypto coins and tokens. *24/7 customer support in multiple languages. *Competitive 0.15% commission on trades.
Cons
- *Targeted mainly at South Korean users. *Some translation issues on the English version of the website. *Fiat deposits only available to Korean residents. *Prior security issues that left user information vulnerable to theft. *Other exchanges provide access to a greater range of digital currencies.
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Comments (1)
May 30, 2020
Yes! The exchange has been compromised severely for the third Times. Its very unfortunate that the large exchange like this still facing a security vulnerabilty and can not protect their user's aset.
