Over $30 million in cryptocurrencies stolen, say Bithumb

One of the world's biggest bitcoin exchanges on Wednesday said that over $30 million value of cryptocurrencies are purloined from it.

Bithumb, an exchange primarily based in South Korea, aforesaid during a notice on its web site that all client deposits and withdrawals have been suspended while it reviews the matters.

The notice did not say how the stealing of thirty five billion won ($32 million) value of cryptocurrencies occurred or which of them were taken.

The exchange said it'll compensate the loss from its own funds which all customers' assets are "securely saved" within the company's "cold wallet."

Bithumb apologized for the disruption and aforesaid it'll announce additional info in due course. the company did not instantly reply to an invitation for additional details.

It's the latest during a series of thefts reported  by cryptocurrency exchanges in recent months.

Just last week, another cryptocurrency exchange in South Korea, Coinrail, aforesaid hackers stole regarding half-hour of its virtual currencies.

South Korea emerged last year as one of the world's major markets for trading in bitcoin and alternative virtual currencies.

According to industry web site CoinMarketCap.com, Bithumb was the sixth biggest cryptocurrency exchange worldwide by trading volume over the past twenty four hours.

News of the thievery at the exchange hit the costs of cryptocurrencies. Bitcoin fell around 200th.

Analysts say several virtual currency exchanges square measure at risk of hackers because they have fully grown quickly without implementing robust enough security.

In January, Japanese exchange Coincheck aforesaid hackers stole quite $500 million worth of cryptocurrency. Last year, 2 bitcoin exchanges went bankrupt after falling victim to similar breaches.