Cybersecurity
Bithumb Says It Detected Abnormal Withdrawals From Its Exchange
A Bithumb exchange office in Seoul, South Korea.
Photographer: Jean Chung/BloombergThis article is for subscribers only.
South Korea’s Bithumb said it detected abnormal withdrawals of the company’s coins from its cryptocurrency exchange.
The incident was found through the company’s abnormal-trading monitoring system at about 10:15 p.m. in Seoul, it said in a statement. The exchange then halted cryptocurrency deposits and withdrawals and moved investor assets to a so-called cold wallet, which is disconnected from the internet and less vulnerable to theft, and all clients’ coins were safe, according to the exchange.