South Korea's second largest exchange, Bithumb, released a statement and disclosed its position.
He has said that we are working closely with the authorities and the police, so that the incident of hacking never happened again in the future, telling you that 20
On June, a case of hacking appeared in this exchange, in which the $ 31 million cryptocurrency was stolen
He further said that all the cryptocurrency and Korean Won are safe and it has been stored in cold wallet and bank
And the company has 500 million Korean Won funds which will use its customers for the loss and conflicts due to theft.
They also said that we are making changes to our wallet system so that there is no such event in the future and it is also reviewing our withdraw system.
image by pixabay
According to the local media, Bithumb has 2 insurrance policy of 6 billion.
Heungkuk Fire & Marine Insurance Co. Ltd. for "cyber insurance and personal information lease liability insurance
According to Inews 24, both the policies cover the blockage of system loss and business due to hacking but it does not cover the value of cryptoconference i.e. does not cover the loss of cryptoconference due to hacking
Insurance due to hacking insurance covers business and hassle in business
Friends, do you think Bithumb will return the money to your customer?
And will the insurance company cover this loss?