South Korean Police Confiscate Server Allegedly Linked to Bithumb Hack | 코인긱스

South Korean Police Confiscate Server Allegedly Linked to Bithumb Hack



Last month, the South Korean exchange Bithumb lost about $13 million worth of cryptocurrency to hackers. While it initially appeared unlikely that the funds would ever be recovered, a recent police raid conducted in South Korea is giving hope that some of the money may be returned.

Per reports from a local news outlet, the Cyber ​​Investigation Department of South Korea’s National Police Agency has seized an external server that it believes to be associated with the attack on Bithumb. While at first the theft was believed to be an inside job because no evidence of an external hacker was found, upon closer inspection the police found proof of an external server and IP address that it suspected to be involved. That server has now been found and seized by law enforcement officials.

Details are still sketchy about the culprits of the attack and how they managed to steal millions of dollars’ worth of cryptocurrency, including 3 million EOS tokens. Local officials believe more details may come to light as police analysts search the hard drive of the seized server and find evidence linked to the person or group behind the crime.

However, according to the officials involved, it’s not going to be easy. Even though blockchain transactions are transparent, one Korean official noted that it will be challenging to track the crime because the perpetrator has used multiple paths to mask their actions.

It won’t help that, globally, many police departments are unequipped to deal with cryptocurrency hacks and that few police officers have a deep understanding of blockchain technology or how it works.

If the police are able to determine who committed the attack and zero in on the perpetrator’s exact location, they might be able to make an arrest and recover some of the lost funds.

The only upside to this hack is that the funds stolen belonged to the exchange, not customers, so retail investors did not lose their coins. Last year, Bithumb suffered a major security breach, which saw hackers steal $30 million worth of cryptocurrencies belonging to users from its wallets.

This article originally appeared on Bitcoin Magazine.

source :


‘에이코인(ACOIN)” 은 전 세계 오프라인 금거래 시장에서 금의 안전한 거래를 위해 사용하는 프로토콜 암호화폐이며, 코인월드 에이코인(ACO) 전용마켓 오픈 예정
한미중일 4개국 합자투자로 탄생한 코인월드, ‘에이코인'(ACOIN) 국내 최초 상장 협의중으로 4/16 사전 예약 실시
Coin world, ACOIN listing Discussion
Cryptocurrency exchange coin world, advance booking on next 16th

No comments

[Trebit] 1월 18일 암호화폐/블록체인 시장 뉴스

안녕하세요! 최고로 안전한 암호화폐 거래소 트래빗입니다. 1월 18일(금) 암호화폐/블록체인 시장 뉴스와 소식 전해드립니다. 전일자 오후 뉴스 및 수정된 뉴스들이 포함되어 있을 수 있습니다. 1. 데일리…