Bithumb Hack

REPORTED LOSS $19.2M
High Access Control ethereum ripple

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

Classification CeFi / Key Compromise
Protocol Type Exploit/Access control
Official Website www.bithumb.com/
Protocol Twitter/X @BithumbOfficial

Funds Recovery

72.9%

Recovered

$14.0M

Net Loss

$5,203,200

Evidence & learning

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