Bithumb Hack
What happened
Bithumb suffered an insider attack leading to abnormal withdrawals but managed to recover approximately $14m.
Bithumb detected unusual withdrawals through their monitoring system. The incident was an "accident involving insiders." The exchange's EOS hot wallet began sending EOS to the attacker's address. The company realized the attack was ongoing and started to move the funds to the cold storage wallet, which was not compromised.
Bithumb admitted that it had only focused on protection from outside attacks and did not verify its staff.
The attacker's address:
https://bloks.io/account/ifguz3chmamg
The exchange hot wallet:
https://bloks.io/account/g4ydomrxhege
Bithumb's claim about $14m recovery:
https://www.econotimes.com/Bithumb-claims-recovery-of-14M-in-hacked-cryptocurrencies-1396613
Case & protocol details
Funds Recovery
Recovered
$14.0M
Net Loss
$5,203,200
Evidence & learning
Attack pattern
Compare incidents →Sources and on-chain records
- report Report cointelegraph.com
- report Report twitter.com
- report Report cafe.bithumb.com
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