Home News Altcoin News Chinese Hackers Under Suspicion For The Bithumb Hack

Chinese Hackers Under Suspicion For The Bithumb Hack

Will china ban bitcoin?
Will china ban bitcoin?

Last week, there was a $32 million hack on Bithumb which a South Korean exchange platform. The cyber police in South Korea is haven’t found any significant clue to nail the case. There have been a number of rumors in the cryptocommunity in South Korea that claim that the hackers of the platform are China-based (Chinese Hackers). The rumors are also stating that the aim of the hacking may not have been primarily about stealing the money from the exchange.  But to disrupt the crypto market in order to push the prices down.

Certain people who are of this school of thought believe that investors who associated with hackers were able to purchase the tokens when the prices were down. Seoul Economic Daily reported a statement from an anonymous senior executive of a top Chinese crypto exchange platform. He stated that the hacking attack was most likely instigated from the north of China. The report also stated that the cybercriminals are now moving to attack South Korean exchanges. They are numerous in Liaoning, Heilongjiang and Jilin province

Employees of Bithumb are also under suspicion as critics pointed out. That’s so despite the hacks severity, the prices were not largely affected. Another group of people under suspicion are North Korean hackers. And this is due to the fact that they were behind a previous attack on Bithumb. It was said by the National Intelligence service of Seoul.


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