South Korea[1]'s leading virtual currency exchange Bithumb[2] is set to reopen withdrawals and deposits today, according to an official announcement[3] August 4.
The world's twelfth largest cryptocurrency exchange by trade volume noted that the time for resuming withdrawals and deposits has been moved from August 4 at 11 a.m. [Korea Standard Time] to 7 p.m. [KST].
In a separate post[4], Bithumb stated that it is first reopening the withdrawal and deposit services for nine altcoins, adding that it has been slightly delayed in order “to provide a more stable service environment.”
At the end of June, hackers stole[5] around a reported $30 million in crypto from Bithumb, prompting the exchange to temporarily suspend all deposits and payments.
Bithumb later amended[6] that the hackers had stolen less than their previous estimation — around $17 million — due to the “ongoing participation, support, and cooperation of the cryptocurrency exchanges and cryptocurrencies foundations across the world.”
According to data from CoinMarketCap[7], Bithumb is ranked twelfth amongst exchanges by adjusted trade volume, with a 24-hour trade volume around $125 million by press time.
References
- ^ South Korea (cointelegraph.com)
- ^ Bithumb (cointelegraph.com)
- ^ official announcement (bithumb.cafe)
- ^ post (bithumb.cafe)
- ^ stole (cointelegraph.com)
- ^ amended (cointelegraph.com)
- ^ CoinMarketCap (coinmarketcap.com)
