NewsMacro & flows
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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