ChangeNOW Announces The Freezing Of Funds Withdrawn From Bithumb

Recently it became known that leading Korean crypto exchange Bithumb was compromised again, in an incident that has been described as an inside job. Following the events, the trading platform ChangeNOW has released a statement about the hack: a significant amount of the stolen crypto was sent to this exchange.

Bithumb experienced a major hack with 3 mln of EOS & 20 mln of XRP lost. ChangeNOW claims that it is now working with Bithumb and with local authorities in order to protect the funds, as well as hopefully returning them to their rightful owners and helping in the seizure of the hackers. The announcement sounds like the following:

“EOS and XRP deposits had been temporarily disabled on ChangeNOW as an emergency measure. All the malicious addresses received from Bithumb have been blacklisted. We have managed to stop a solid number of EOS and XRP exchanges that the hackers tried to make through us. The total amount of crypto that we have managed to retain from being stolen is worth about half a million US dollars. All stolen exchange deposits retained during the hack have been frozen and are stored on a secure cold wallet per an official request from law enforcement.”

Image courtesy of Crypto Globe