See new report that South Korea's largest crypto exchange has been hacked with losses of over $1 Million in Bitcoin and Ether losses.
Bithumb conducts 20% of global Etherium trades and about 10% of global Bitcoin trades. This exchange is used to exchange Bitcoin and Ether for the Won (South Korea's currency).
Checkout "The Hacker News" article by Swati Khandelwal posted Tuesday, July 4th at:
In Search of the One
Dev
Very bad for the people that never paid attention to the number one recommendation by the cryptocurrency community:
"DO NOT LEAVE YOUR CRYPTOCURRENCY IN ANY EXCHANGE"
Yes, sending your crypto to a private wallet is so important.