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."
Bitcoin fell from about $6718 to as low as $6561, following the tweets from Bithumb, according to CoinDesk's bitcoin price index. The price then started recovering and at that time, bitcoin is trading at at $6630.
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 before recovering slightly.
South Korea is a major cryptocurrency trading center and Bithumb is one of the busiest virtual coin exchanges.
Source: CNBC
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