In line with an official ‘announcement‘ published, renowned South Korean cryptocurrency exchange namely ‘Bithumb’ has conducted an expert external audit of its funds after a serious ‘hack‘ that occurred last month.
Bithumb exchange lost about 14 Bln won [around $13 Mln] two weeks ago in an event executives believe was planned by an insider.
Presently, Bithumb has used a 3rd party to assess its reserves, repeating its previous assurances that client funds remained safe in its cold storage wallets.
The 14 Bln of hacked Eos [EOS] tokens, a previous statement added, represented only-company funds. However, all the remaining funds in its online wallet were transferred to its cold storage wallet following the loss.
“We have stated that we’ll conduct honest and objective due diligence on all assets that we’ve through a reliable external Audit,” the statement added, linking to the accounting firm’s stats.
While explaining further, the statement adds:
“We are pleased to tell you that our members’ valuable assets are managed and maintained via a systematic/safe manner through the connected due diligence report.”
As ‘reported‘ earlier, it’s not the primary time Bithumb is dealing with security difficulties. Even in August 2018, another major hack saw the loss of tokens valued around $30 Mln.
Within this week, the exchange ‘reported‘ annual losses of around $180 Mln for last year, the hacks adding to an overall fluctuating year as Bitcoin [BTC] endured a record bearish market and fell to around $3,100 USD.
Moreover at the same time, sales nonetheless hiked by 17.5 %, a spokesperson confirmed.