# Bithumb, a South Korean cryptocurrency exchange, has been hacked.

Quick Take · News · Published October 28, 2026 · By [Anthony Asuaje](https://walkeranthony.com/about/), Walker Strategies
Canonical URL: https://walkeranthony.com/news/bithumb-a-south-korean-cryptocurrency-exchange-has-been-hacked/

If you hold crypto on exchanges, this news serves as a reminder that self-custody reduces the risk of losing funds in the event of a hack.

Attacks on major exchanges breed market distrust and often lead to short-term drops in cryptocurrency prices.

**Why it matters:** Bithumb, a South Korean cryptocurrency exchange, has been hacked.

Bithumb, one of South Korea’s largest exchanges, has fallen victim to a hack. Attacks on major exchanges breed market distrust and often lead to short-term drops in cryptocurrency prices.

If you hold crypto on exchanges, this news serves as a reminder that self-custody reduces the risk of losing funds in the event of a hack.

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Educational and informational content only. I am not a licensed financial advisor and nothing here is investment advice. Do your own research before making any decision.