South Korean cryptocurrency exchange Bithumb says it was hacked and $30 million in coins was stolen

South Korea-based cryptocurrency exchange Bithumb said Wednesday it was temporarily suspending deposit and withdrawal services after about $30 million worth of cryptocurrency was stolen.

The Seoul-based operator said on Twitter that the stolen coins would be covered from Bithumb’s own reserves and that all users’ assets are being transferred to safer “cold wallet.”

The exchange did not say when it would restart its deposit and withdrawal services.

Bitcoin fell from about $6,718.35 to as low as $6,561.79, following the tweets from Bithumb, according to CoinDesk’s bitcoin price index. The price then started recovering and at 10:03 a.m. HK/SIN, bitcoin traded at $6,614.46.

Such a move is relatively staid for the regularly volatile asset.

CoinDesk data also showed that the price of ethereum fell from levels near $535 to as low as $521.07 before recovering slightly.

South Korea is a major cryptocurrency trading center and Bithumb is one of the busiest virtual coin exchanges…

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