Bithumb has hacked 2nd time. Hackers have stolen $30 million worth of crypto currency on 19th june (Wednesday) . As it is biggest exchange of South Korea and world 6th largest exchange. As a result of this hack all payments and deposit temporarily suspended on this exchange. Major currency hacked is XRP token world 3rd largest crypto currency.
Exchange has moved all its coins to cold storage once they found any suspicious activity on their servers and Bithumb confirms that they will compensate all customers whose funds have been stolen. This is another attack happen on South Korea exchange after Coinrail in same month. As report stated that bithumb spent 9 million dollors on their security measures still hack happen.
Even litecoin founder Charlie Lee has suggested that we should move our funds to hardware wallet once trading is done. As it will keep our funds safe and secure. Friends I personally feel that our funds are not safe on exchanges and we should keep our funds on hardware wallet like trazor or ledger nano. We can also keep our funds in paper wallet.
Friends kindly advice how can we keep our funds more secure in these situation.