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Detail Analysis

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Date:

Status:

Count:

March 30, 2019

Verified

4

Contributor:

zerofriction.io

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KYC By:

KYC:

None

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Audit By:

Audits:

None

Loss Amount:

13,000,000

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Recovered Amount:

-

Currency:

Dollars, EOS, XRP

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Key Indicators

Platform:

Type:

Category:

Method:

Data Sources:

Ethereum

Exchange

Assets

Insider Theft

Extended Method:

Insider theft

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Update (09:30 UTC, April 1, 2019): According to a report from CoinDesk Korea, Bithumb may have also lost 20.2 million XRP in the recent breach. The XRP, worth $6.2 million at current prices, was moved from Bithumb's wallet on March 29 in transactions that can be seen on XRPSCAN. The exchange is not yet confirming or denying the report. The odds of Bithumb managing to retrieve the stolen funds may be small, according to crypto security expert Cosine Yu, co-founder of security firm SlowMist. The hacker has already managed to “launder” most of the stolen EOS and XRP, Yu said, meaning the assets have been transferred to a large number of addresses that are not necessarily owned by any exchanges.

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DISCLAIMER: While Zero Friction LLC has used the best efforts in aggregating and maintaining this database, Zero Friction LLC makes no representations or warranties with respect to the accuracy or completeness, and specifically disclaim any implied warranties of merchantability or fitness for any particular purpose. 

Under no circumstances, shall Zero Friction LLC be liable for any loss of profit or funds, any regulatory or governmental penalties, any legal costs, or any other commercial and non-commercial damages, including but not limited to special, incidental, consequential, or other damages from any or all usage of the dataset or information derived from our database.