Bithumb exchange lost funds

Cryptocurrency exchange Bithumb announced that 13 Million in EOS was stolen. The South Korean company suspects it's an insider job.

Bimthumb stated:

"All the [stolen] cryptocurrency is owned by the company, and all members’ assets are under the protection of a cold wallet."

Coindesk has an eloborate article on what happened. Since there is lack of evidence of an external exploit, the company assumes it's an employee who stole the 3 Million EOS, worth $13 Million. 

Recent issues with hacks on exchanges like Cryptopia and Quadriga show once again that it isn't safe to store your crypto on exchanges.

Protect yourself with our online security tips and hardware wallets.