>> $32 million worth of digital money's been stolen in an online heist. After hackers targeted a top cryptocurrency exchange in South Korea. Bithumb is the second Korean exchange targeted in just over a week. A fresh reminder of the risk posed by cyber criminals to digital assets like Bithumb or BitCoin.
Bithumb is the world's sixth busiest exchange. And unlike in a series of hacks months ago, the company now claims it stores all of its client's coins in so called cold wallets. They're meant to be safer and operate on platforms that aren't hooked up to the internet. The company hasn't said whether the coins in the latest robbery were stored on more insecure hot wallets potentially within easier reach of hackers.
The breach highlights concerns over the security and regulation of cryptocurrency worldwide. Bitcoin's value for example has plunged almost 70% since it peaked last December. Since then, South Korea has banned the use of anonymous bank accounts used for coin trading, over fear it was breeding money laundering and other crimes.