It would appear the cryptocurrency exchange industry is far from drama-free at this time. Although there are numerous companies operating without problems, the same cannot be said for Bithumb. Once South Korea’s largest exchange, it has now become a seemingly prone target for hackers and criminals. The company confirmed a new heist which will spark some very juice mainstream media headlines.

Bithumb Faces Even More Crypto Losses

This entire incident involving the Bithumb exchange will undoubtedly raise a lot of questions. This particular exchange has been subjected to at least one previous incident not that long ago. While one would expect such major companies to learn from their mistakes, it seems a completely new problem has popped up in the process. According to the company’s official explanation, there has been an incident which is labeled as an “accident”.

To put this ordeal in its proper perspective, the company has delayed cryptocurrency deposits and withdrawals earlier this week. The reason for doing so…

Click to continue reading on its source location…

Source: https://themerkle.com/bithumb-blames-new-crypto-theft-on-insiders/