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Bithumb, South Korea’s largest crypto exchange announced on its website that between Tuesday evening and Wednesday morning, Korean time, 35 billion won (about 31.5 million USD) worth of cryptocurrencies vanished. Just a few hours later, the announcement was taken down, along with promises of compensation. At press time, it appears Twitter announcements of the heist remain published without explanation.

Korean Bithumb Loses $31.5 Million Less Than 2 Weeks After Coinrail Attack

Bithumb is the second Korean exchange targeted by cyber thieves in less than two weeks. Earlier this month, Coinrail, South Korea’s seventh-largest cryptocurrency exchange, announced that it was hacked, losing between $37.2 and $40 million in altcoins, according to local media.

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