Massive Bitcoin Exchange Hack Exposes Bithumb’s Arrogant Disregard of Security

In another blow to the crypto industry’s reputation, South Korean bitcoin exchange Bithumb was hacked again on Saturday morning. The hack marks the second time the exchange has been successfully penetrated in less than a year. Is arrogance or incompetence to blame? Bithumb Hadn’t Even Repaired its Reputation Since the Last Hack The Bithumb hack saw the offenders make off with around $20 million worth of EOS and Ripple (XRP). Three million EOS were stolen, along with 20 million XRP tokens. Influential crypto analyst Dovey Wan initially tweeted that the exchange’s cold wallet had been targeted, though that ultimately proved The post Massive Bitcoin Exchange Hack Exposes Bithumb’s Arrogant Disregard of Security appeared first on CCN