Express

Bithumb Reports $175 Million in Losses After Hack Incident

Vicky Wei

Summary: According to coingape.com, Bithumb, one of the largest cryptocurrency exchange from South Korea, reports a loss of $175 million after experiencing the tough year of hack. It says that the attacker stole 35 billion won, and the company had laid off 30 employees from its total staff of 340 people citing the massive decline in ...

According to coingape.com, Bithumb, one of the largest cryptocurrency exchange from South Korea, reports a loss of $175 million after experiencing the tough year of hack. It says that the attacker stole 35 billion won, and the company had laid off 30 employees from its total staff of 340 people citing the massive decline in the price of Bitcoin since late 2017.