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RE: South Korea News - Bitcoin to be regulated, Company pays 1 Million USD to Hackers
UPDATE - BITHUMB HACKED
The largest bitcoin and ether exchange in South Korea by volume, Bithumb, was recently hacked. Monetary losses from compromised accounts have started to surface, and are quickly reaching into the billions of won.
With a reported 75.7% share of the South Korean bitcoin market volume, Bithumb is one of the five largest bitcoin exchanges in the world and hosts over 13,000 bitcoins worth of trading volume daily, or roughly 10 percent of the global bitcoin trade.
https://bravenewcoin.com/news/fourth-largest-bitcoin-exchange-bithumb-hacked-for-billions-of-won
That's some unfortunate news. I wonder if this will budge BTC prices at all.