Saturday, June 14, 2025

Security Boulevard Logo

Security Boulevard

The Home of the Security Bloggers Network

Community Chats Webinars Library
  • Home
    • Cybersecurity News
    • Features
    • Industry Spotlight
    • News Releases
  • Security Creators Network
    • Latest Posts
    • Syndicate Your Blog
    • Write for Security Boulevard
  • Webinars
    • Upcoming Webinars
    • Calendar View
    • On-Demand Webinars
  • Events
    • Upcoming Events
    • On-Demand Events
  • Sponsored Content
  • Chat
    • Security Boulevard Chat
    • Marketing InSecurity Podcast
    • Techstrong.tv Podcast
    • TechstrongTV - Twitch
  • Library
  • Related Sites
    • Techstrong Group
    • Cloud Native Now
    • DevOps.com
    • Security Boulevard
    • Techstrong Research
    • Techstrong TV
    • Techstrong.tv Podcast
    • Techstrong.tv - Twitch
    • Devops Chat
    • DevOps Dozen
    • DevOps TV
  • Media Kit
  • About
  • Sponsor

  • Analytics
  • AppSec
  • CISO
  • Cloud
  • DevOps
  • GRC
  • Identity
  • Incident Response
  • IoT / ICS
  • Threats / Breaches
  • More
    • Blockchain / Digital Currencies
    • Careers
    • Cyberlaw
    • Mobile
    • Social Engineering
  • Humor
Data Security Digital Currency SBN News Security Bloggers Network 

Home » Cybersecurity » Data Security » South Korean Cryptocurrency Exchange Loses $32M in Heist

SBN

South Korean Cryptocurrency Exchange Loses $32M in Heist

by David Bisson on June 20, 2018

A South Korean cryptocurrency exchange suffered a heist in which thieves made off with approximately $32 million in stolen assets.

On 20 June, Bithumb disclosed the hack in a statement published to its website:

Techstrong Gang Youtube
AWS Hub

We noticed that between last night and today early morning, about 35,000,000,000 KRW worth cryptocurrencies have been stolen. However, this loss will be compensated by Bithumb’s own reservoir, and all assets of our cust omers[sic] are securely saved in Bithumb’s cold wallet, hence all asset is completely safe and secured.

Bithumb said it’s in the process of reviewing the security mechanisms of its deposit/withdrawal service. It decided to halt its cryptocurrency withdrawal/deposit service and KRW service until that checkup is complete.

*All deposit and withdrawal service will be stopped to make sure the security. We will keep notice you of the restart of the service. We apologize for your inconvenience and thanks for your understanding.

— Bithumb (@BithumbOfficial) June 20, 2018

In the meantime, the exchange urged customers to not deposit any funds into their Bithumb wallet addresses.

Bithumb urgently ask our valuable customers not to deposit any fund into Bithumb wallet addresses for the time being.

▶ https://t.co/rnMGmKMBUf

— Bithumb (@BithumbOfficial) June 20, 2018

The hacking notice didn’t provide any details about what types of cryptocurrency the bad actors stole, how they infiltrated Bithumb’s systems and how they exfiltrated the stolen South Korean won, which amounted to $31.6 million.

It did say, however, that Bithumb will provide additional information about the incident at some point in the future.

This isn’t the first time Bithumb has suffered a security incident. In July of 2017, the cryptocurrency exchange confirmed a hacking campaign on its website. Bithumb didn’t disclose the total value of stolen assets at the time, but according to Bleeping Computer, some users (Read more...)

*** This is a Security Bloggers Network syndicated blog from The State of Security authored by David Bisson. Read the original post at: https://www.tripwire.com/state-of-security/security-data-protection/south-korean-cryptocurrency-exchange-loses-32m-in-heist/

June 20, 2018June 20, 2018 David Bisson Bithumb, cryptocurrency, IT Security and Data Protection, Latest Security News, South Korea
  • ← Perverse Vulnerability from Interaction between 2-Factor Authentication and iOS AutoFill
  • Mark your summer calendar for these IT and channel events | Avast Business →

Techstrong TV

Click full-screen to enable volume control
Watch latest episodes and shows

Tech Field Day Events

Upcoming Webinars

How to Spot and Stop Security Risks From Unmanaged AI Tools

Podcast

Listen to all of our podcasts

Press Releases

GoPlus's Latest Report Highlights How Blockchain Communities Are Leveraging Critical API Security Data To Mitigate Web3 Threats

GoPlus’s Latest Report Highlights How Blockchain Communities Are Leveraging Critical API Security Data To Mitigate Web3 Threats

C2A Security’s EVSec Risk Management and Automation Platform Gains Traction in Automotive Industry as Companies Seek to Efficiently Meet Regulatory Requirements

C2A Security’s EVSec Risk Management and Automation Platform Gains Traction in Automotive Industry as Companies Seek to Efficiently Meet Regulatory Requirements

Zama Raises $73M in Series A Lead by Multicoin Capital and Protocol Labs to Commercialize Fully Homomorphic Encryption

Zama Raises $73M in Series A Lead by Multicoin Capital and Protocol Labs to Commercialize Fully Homomorphic Encryption

RSM US Deploys Stellar Cyber Open XDR Platform to Secure Clients

RSM US Deploys Stellar Cyber Open XDR Platform to Secure Clients

ThreatHunter.ai Halts Hundreds of Attacks in the past 48 hours: Combating Ransomware and Nation-State Cyber Threats Head-On

ThreatHunter.ai Halts Hundreds of Attacks in the past 48 hours: Combating Ransomware and Nation-State Cyber Threats Head-On

Subscribe to our Newsletters

ThreatLocker

Most Read on the Boulevard

Huge Food Wholesaler Paralyzed by Hack — is it Scattered Spider Again?
BADBOX 2.0 Botnet Infects Million-Plus Devices, FBI Says
Zero-Click Flaw in Microsoft Copilot Illustrates AI Agent, RAG Risks
Meta AI is a ‘Privacy Disaster’ — OK Boomer
Navigating Data Security Challenges in Cloud Computing for Universities
NIST Launches Updated Incident Response Guide
What is AI Red Teaming?
AI Ready: The Complete Guide to AI-Powered Cybersecurity Training in 2025/2026
Microsoft’s June 2025 Patch Tuesday Addresses 65 CVEs (CVE-2025-33053)
Identity’s New Frontier: AI, Machines, and the Future of Digital Trust

Industry Spotlight

Meta AI is a ‘Privacy Disaster’ — OK Boomer
Application Security Cloud Security Cyberlaw Cybersecurity Data Privacy DevOps Featured Governance, Risk & Compliance Humor Industry Spotlight Mobile Security Most Read This Week News Popular Post Security Awareness Security Boulevard (Original) Social - Facebook Social - LinkedIn Social - X Social Engineering Spotlight Threats & Breaches 

Meta AI is a ‘Privacy Disaster’ — OK Boomer

June 13, 2025 Richi Jennings | Yesterday 0
Huge Food Wholesaler Paralyzed by Hack — is it Scattered Spider Again?
Analytics & Intelligence Cyberlaw Cybersecurity Data Security DevOps Editorial Calendar Endpoint Featured Governance, Risk & Compliance Humor Identity & Access Incident Response Industry Spotlight Malware Most Read This Week Network Security News Popular Post Ransomware Security Boulevard (Original) Social - Facebook Social - LinkedIn Social - X Social Engineering Spotlight Threat Intelligence Threats & Breaches Vulnerabilities 

Huge Food Wholesaler Paralyzed by Hack — is it Scattered Spider Again?

June 10, 2025 Richi Jennings | 3 days ago 0
Meta’s Secret Spyware: ‘Local Mess’ Hack Tracks You Across the Web
Application Security Cloud Security Cyberlaw Cybersecurity Data Privacy DevOps Endpoint Featured Governance, Risk & Compliance Humor Identity & Access Incident Response Industry Spotlight Malware Mobile Security Most Read This Week Network Security News Popular Post Security Awareness Security Boulevard (Original) Social - Facebook Social - LinkedIn Social - X Social Engineering Spotlight Threats & Breaches Vulnerabilities 

Meta’s Secret Spyware: ‘Local Mess’ Hack Tracks You Across the Web

June 4, 2025 Richi Jennings | Jun 04 0

Top Stories

Zero-Click Flaw in Microsoft Copilot Illustrates AI Agent, RAG Risks
Cloud Security Cybersecurity Data Privacy Data Security Featured Identity & Access Malware Mobile Security Network Security News Security Awareness Security Boulevard (Original) Social - Facebook Social - LinkedIn Social - X Spotlight Threat Intelligence Vulnerabilities 

Zero-Click Flaw in Microsoft Copilot Illustrates AI Agent, RAG Risks

June 13, 2025 Jeffrey Burt | Yesterday 0
BADBOX 2.0 Botnet Infects Million-Plus Devices, FBI Says
Application Security Cloud Security Cybersecurity Data Security Featured IoT & ICS Security Malware Mobile Security Network Security News Security Boulevard (Original) Social - Facebook Social - LinkedIn Social - X Spotlight Threat Intelligence 

BADBOX 2.0 Botnet Infects Million-Plus Devices, FBI Says

June 9, 2025 Jeffrey Burt | 4 days ago 0
Trump EO Takes Aim at Biden, Obama Provisions for Identity, Sanctions, AI
Cloud Security Cyberlaw Cybersecurity Data Security DevOps Featured Identity & Access Network Security News Security Boulevard (Original) Social - Facebook Social - LinkedIn Social - X Spotlight 

Trump EO Takes Aim at Biden, Obama Provisions for Identity, Sanctions, AI

June 9, 2025 Jeffrey Burt | Jun 09 0

Security Humor

Facebook CEO Mark Zuckerberg announces the plan to make Facebook more private at Facebook’s Developer Conference on April 30, 2019

Meta AI is a ‘Privacy Disaster’ — OK Boomer

Download Free eBook

Managing the AppSec Toolstack

Security Boulevard Logo White

DMCA

Join the Community

  • Add your blog to Security Creators Network
  • Write for Security Boulevard
  • Bloggers Meetup and Awards
  • Ask a Question
  • Email: [email protected]

Useful Links

  • About
  • Media Kit
  • Sponsor Info
  • Copyright
  • TOS
  • DMCA Compliance Statement
  • Privacy Policy

Related Sites

  • Techstrong Group
  • Cloud Native Now
  • DevOps.com
  • Digital CxO
  • Techstrong Research
  • Techstrong TV
  • Techstrong.tv Podcast
  • DevOps Chat
  • DevOps Dozen
  • DevOps TV
Powered by Techstrong Group
Copyright © 2025 Techstrong Group Inc. All rights reserved.
×