The news was brought to the social media by crypto figure and influencer, Dovey Wan. “Bithumb is being hacked, at its EOS cold storage level! Over 3 million EOS has been transferred out,” she tweeted without any details provided.
BREAKING 🚨🚨🚨
Bithumb is being hacked, at its EOS cold storage level!!! Over 3million EOS has been transferred out 👀👀👀
Detail to be reported, confirmed by security firm who’s auditing for Bithumb
— Dovey Wan 🦖 (@DoveyWan) March 30, 2019
It was followed by other tweets, some of which provided details of the incident piece by piece.
It appears that the private key was stolen through Bithumb’s EOS account g4ydomrxhege, while the hacker’s address is ifguz3chmamg.
Wan then tweeted the stolen funds flow in more details, while also confirming that the aforementioned hacker’s address still holds 1.9 million of EOS.
With more updates numbers on stolen fund distribution (number of $EOS) and the hacker’s address still holds 1.9Million $EOS
EXMO: 662,600
Huobi: 263,605
Changelly 143,511
KuCoin: 96,270
CoinSwitch: 38,725$EOS DUMP 👀👀👀
— Dovey Wan 🦖 (@DoveyWan) March 30, 2019
As more info came in, she revealed that Bithumb’s XRP wallet (rLaHMvsPnPbiNQSjAgY8Tf8953jxQo4vnu) was also hacked and saw 20 million XRP or around $6,000 being transferred out.
Wan revised her previous tweet by saying that “only” Bithumb’s hot wallet that was hacked as the cold wallet still seems OK. That said, the total stolen fund still amounts a staggering $134,675,293 based on the price as of writing time.
It also seems like it’s already too late for EOS to freeze the funds as the hacker can be seen of liquidating the stolen EOS through ChangeNow, a crypto swap platform that doesn’t have KYC procedures.
3. EOS won’t be able to freeze this time, or it’s now too late
4. Hacker has been disposing the stolen EOS via ChangeNow, a non-custodial crypto swap platform dose not require KYC/account
5. Bithumb is the only top Korean ex operator without a commercial banking partnership pic.twitter.com/SM9Wes0BI6
— Dovey Wan 🦖 (@DoveyWan) March 30, 2019
No confirmation can be found on Bithumb’s Twitter so far. However, a user spotted that the exchange actually posted several tweets regarding the hack a while ago, which apparently were deleted afterwards.
#bithumb #hacked why they deleted the tweet tho pic.twitter.com/nFR6u7hP2C
— Prince (@crypto_fated) March 30, 2019
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