Bithumb being Investigated Regarding Hacks Last Year

The largest crypto exchange in Korea, Bithumb, had visitors today as 10 officials from the Korean Cyber Investigation Unit took materials relation to hacking, and hacking victims. Bithumb was hacked twice last year and due to this 3,1506 users info was stolen and 4918 website account information was stolen. It was found that of these accounts, 266 had cryptocurrency stolen directly from them. The police using this information in order to conduct an investigation into the hacking methods as well as the identity of the hackers.

If it is found that Bithumb security measures were lacking, then there could be liabilities related to compensation for the hacked accounts.

These, in addition to the recent investigation by Korean government officials into money laundering at Korean exchanges seems to be creating a trend of Korean officials increasing pressure on any form of criminal activity related to cryptocurrency. This does seem to be having a slightly negative effect on the market, as volumes in Korea have been consistently decreasing for the last week.

Previously, it was been discovered that Bithumb was placing personal information in an unencrypted file on a personal computer in addition to not keeping software up to date. For this Bithumb paid 100 million Korean won (approx. 3 Million USD) as compensation to the users.

Source:
FN News
http://www.fnnews.com/news/201802011830207775