Bitcoin Exchange Bithumb’s Problems Pile Up with $180 Million Loss in 2018

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Bithumb, which was hacked last month and later asked users to be careful about deposits, has reported a $180 million (205 billion Korean won) loss. The exchange suffers from reduced actual volume and a bear market in cryptocurrencies, according to the Korea Times.

Add It To The List of Bithumb Problems

Bithumb has had a rough year. Just nine months before last month’s hack, about twice as much went missing. A report came out later in the year which found the company probably reports fake volume metrics. At this point, longtime users may be considering other exchanges with a stronger security track record. The exchange laid off dozens of employees in January, during the worst of the bear market, which some believe is now over.

Bithumb, one of South Korea’s largest crypto exchanges, has