Korean Government Investigates Bithumb and Coinrail Hack

The recent hack of two South Korean Exchanges, the Bithumb and Coinrail opened a question of responsibility — who’s accountable for such a huge amount of hack! Accordingly, the government of South Korea has finally launched an investigation to probe out the cause of hacks.

They say;
The Ministry of Science and Information and Communication Technology (hereinafter referred to as ‘Science and Technology Ministry’) and the Korea Internet & Security Agency (KISA) said that they are investigating the cause of the accident caused by the virtual currency leak that occurred in Coinrail and Bithumb.

• Coinrail hack on June 10– the estimated loss counts approximately $40million
• Bithumb Hack on June 19 — the estimated loss was $31 million worth of coins