Last month, the South Korean exchange Bithumb lost about $13 million worth of cryptocurrency to hackers. Now, South Korea’s National Police Agency has seized an external server believed to be associated with the attack.
The company had reportedly lost $26 million as a result of theft and the subsequent bankruptcy declaration. Coinbin’s CEO Park Chan-kyu claims that the move was “due to a rise in debt following an employee’s embezzlement.”
Aiming to create an SEC and FINRA-compliant U.S. exchange, blockchain-based crowdfunding firm seriesOne and crypto exchange Bithumb have formed a joint venture.
The announcement, which was made earlier today on Twitter, revealed that the cryptocurrency exchange's services would be restored on August 4, 2018, at 11 a.m. KST.
Since late November 2017, South Korea has looked to regulate cryptocurrency trading in domestic exchanges, including Bithumb, Coinone and Korbit, The Korea Herald reports....
PREDICT BITCOIN
