South Korean Crypto Exchanges Still Profitable, Including Hacked Bithumb

[kreslik.news]

Bithumb, South Korea’s second largest cryptocurrency exchange, is still profitable after suffering one of the biggest hacks in cryptocurrency history. A public report released by the company revealed that Bithumb has made a profit of $35 million in the third quarter of the year.

This is after the company posted an extraordinary annual gain of nearly $400 million in 2017 on the back of the national frenzy over digital money. At the time, global trading volumes ‎held steady above ‎‎$40 billion when the virtual asset class has gripped the attention ‎in Korea and worldwide alike.‎

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