South Korea's Bitcoin exchange Bithumb to pay back users after account thefts

posted 5 months ago
South Korea's largest bitcoin and ether exchange is moving to compensate users days after it emerged that the site's data systems had been compromised.

A report from regional news service Yonhap on Monday indicated that as many as 30,000 customers of Bithumb were impacted. The source of the data leak is believed to have been an employee's computer, leading to the draining of funds from an unknown number of user accounts.

Though the exact scale of losses isn't known at press time, Bithumb said in a blog post published earlier today that it is providing 100,000 Korean won – worth about $86.50 at press time – to each affected customer.

Local reports further indicate that the incident dates back to February, and was first reported to authorities late last month. One local user claimed to have 10 million won, worth roughly $8,700, taken from their account.

The exchange said that it will further compensate users whose funds are stolen as a result of the data leak.
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