In mid-June 2018 Bithumb was hacked for $31 million worth of cryptocurrency and subsequently halted all withdrawal and deposit services.
On Aug. 4 Bithumb resumed the services for 10 specific cryptocurrencies.
South Korean cryptocurrency exchange Bithumb announced on Twitter that deposit and withdrawal services will resume at 11 a.m. KST on Aug. 4, 2018.
Bithumb suspended withdrawal and deposit services for all of its cryptocurrencies following a large-scale hack on June 19, 2018.
Bithumb is the second largest South Korean digital asset exchange by 24-hour trading volume and holds 33 percent of the domestic market share, according to data by FinTechNews.
In the announcement, Bithumb states that market price fluctuations are the reason for excluding some cryptocurrencies from the service resumption.
It seems Bithumb services will continue for the full list of cryptocurrencies once prices stabilize on the exchange.
Bithumb further notifies users that they will need to request all new deposit addresses.
Bithumb reportedly terminated its original contract with Shinhan Bank and opted to renew a separate contract with NH Nonghyup Bank but was recently denied.
Among the top-4 cryptocurrency exchanges in South Korea, Bithumb is currently the only operator without a commercial banking partnership.
Bithumb Crypto Exchange Re-opens Deposits and Withdrawals
Publicado en Aug 7, 2018
by Cryptoslate | Publicado en Coinage
Coinage
Noticias recientes
Ver todo
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.