It seems it is very difficult to stop crypto wallets hacking. In recent hacking case, Bithumb, a South Korean crypto exchange, has lost $13 million in the EOS crypto coins.
Company suspects it can be done by any of their staffs because they didn’t find any trace of outsider’s involvement in this hacking event. However, government agencies have started their investigation.
Bithumb postponed crypto withdrawals and deposits as soon as they identified abnormal withdrawal of cryptocurrency.
According to a report from CoinDesk Korea, the exchange was hacked for a total of 3.07 million EOS, which was withdrawn from the exchange’s “hot” (internet connected) wallet through a series of transactions.
Based on the data from CoinMarketCap, EOS is currently trading at $4.22, making the total value of the coins lost around $13 million.
The company said in its statement that it suspects the hack was conducted by an insider, since no evidence of external exploit has been found.