Altcoins

Bithumb Reopens Withdrawals for 10 Cryptocurrencies Including XRP

One of the largest virtual currency exchange platforms in the world and the leading exchanger in South Korea, Bithumb, yesterday, on August 4, made an official announcement about reopening withdrawals and deposits for 10 listed cryptocurrencies. The announcement confirmed that the list of cryptocurrencies for the first round services will include Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Ethereum Classic (ETC), Qtum (QTUM), Litecoin (LTC), Bitcoin Cash (BCH), Monero (XMR), Zcash (ZEC) and Mithril (MITH).

Bithumb, which is currently 12th largest cryptocurrency exchange by trade volume in the world, also confirmed that the reopening time of withdrawals and deposits moved to 7pm from earlier announced 11am (Korea Standard Time) of August 4.    

Earlier Bithumb had announced that the platform aims at providing more stable environment for the service and hence they had to slightly delay the withdrawal and deposit services for the first round cryptocurrencies.     

Even earlier, as it was reported, a major hack attack was made on the platform as a result of which reportedly $30 million in crypto was stolen from Bithumb. This forced the exchanger to temporarily suspend all types of deposits and payments. Later however, Bithumb confirmed that the stolen amount was less than announced earlier stating the real amount of only $17 million. Back then, Bithumb stated that the stolen amount was actually less than the initial estimations due to “ongoing participation, support, and cooperation of the cryptocurrency exchanges and cryptocurrencies foundations across the world”.

As reports CoinMarketCap, Bithumb is currently ranked top twelfth among all the exchangers in the market in the world according to trade volumes. As official data states, more than $125 million worth transactions are performed in 24 hours on the platform as of now.  

 

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