Bithumb Working With Other Crypto Exchanges to Recover Hacked Funds
South Korea's Bithumb cryptocurrency exchange said Thursday that it may be able to reduce the losses arising from a major hack earlier this week.
South Korean cryptocurrency exchange Bithumb is reportedly renewing its contract with Nonghyup Bank after solving issues prompted by a June hack.
South Korean cryptocurrency exchange Bithumb made net profits of about $35 million in the first half of this year, despite a rough June for the firm.
Bithumb, the largest crypto exchange in South Korea by trading volume, just confirmed it has sold over 38 percent of its shares for $350 million.
Trading volume on South Korea's Bithumb exchange has plummeted since it temporarily stopped offering new account registrations.
The Korean exchange says it has clawed back some of the millions lost in a theft of cryptocurrencies including bitcoin, XRP and bitcoin cash.