If you remember then a few weeks ago we told you that Bitcoin could be the solution to online identity theft, but what happens when a computer attack occurs against one of the most important places where these virtual currencies are exchanged? The security flaws will have returned to play tricks and have resulted in Bithumb has been hacked.
One Of The Largest & Top Cryptocurrency Exchange Hacked
A few weeks ago we told you that Bitcoin could be the solution to online identity theft, but what happens when a computer attack occurs against one of the most important places where these virtual currencies are exchanged? The security flaws will have returned to play tricks and have resulted in Bithumb has been hacked.
Bithumb is one of the five largest bitcoin exchange houses in the world and the most important in South Korea when it operates with a volume of more than 13,000 bitcoins per day, representing 10% of the world’s virtual trade.
Nevertheless, Bitcoin is not the only available cryptomonads, Ether, the great alternative to this virtual currency and that represents 44% of operations worldwide, has also been compromised. So of course, the hacking of Bithumb is bad news.
One of the advantages of using Bitcoins is that it is the users themselves who control their management through P2P (Peer to Peer) exchanges – legal in India since 2013 – based on the law of supply and demand, Leaving out any government, institution or financial identity, both state and private. The problem occurs when a cyber attack like the one occurred during the past weekend, leaking information from customers and the loss of several billion won (millions of dollars).
The Bithumb hack revealed personal information of 31,800 users, which represents approximately 3% of the total. From the virtual coin house, they are contacting them to inform you that their names, mobile numbers and email addresses have been compromised during the attack.
The attack was against the personal computer of one of its employees and never had access to the central servers, for that reason only personal information of the users has been filtered. This information was used by hackers to contact users posing as Bithumb representatives, resulting in phishing campaigns.
However, Bithumb says that virtual currencies have not been exposed, although there are several users who claim to have lost everything. According to the local newspaper Kyunghyang Shinmun, one of the victims would have run out of “bitcoins equivalent to ten million won that disappeared instantly.” Another user says they have stolen 1.2 billion won. Yes, it really seems massive breach.
So, what do you think about this cyberattack or hack? Simply share your views and thoughts in the comment section below.