Details Still Sketchy After $30 Mln Hack

South Korea's biggest cryptocurrency exchange Bithumb is scrambling to protect users funds after a large scale hack.

Bithumb has already assured customers affected by the hack will be compensated for their losses.

Bithumb June 16, 2018 It is understood that the exchange also moved a large amount of Ether to its cold storage wallet as well.

The hack has also prompted the Korea Internet & Security Agency to get involved in order to figure out how the hack took place, working closely with local police and other agencies.

Authorities reportedly sent officers to Bithumb's headquarters in Seoul to collect data and records from company computers.

Not the first timeThis is not the first time that Bithumb has been compromised by a hacker.

Details still unclearAt this stage, it is not yet clear which specific cryptocurrencies were stolen from the exchange.

Bithumb is expected to give clarity on the theft and advise when normal trading, and deposits and withdrawals will resume on the exchange.

In the grand scheme of things, this latest Bithumb hack pales in comparison to some of the biggest cryptocurrency hacks in history.

Bithumb's integrity will be tested in the weeks to come, and the spotlight is firmly on the South Korean exchange.