The first hack at Bithumb that took place in July 2017, was carried out when hackers infiltrated the personal computer of an employee and accessed user information.

Nearly 32,000 customer accounts were compromised in the hack, affecting 3% of the website's total customer base. You already know what happened next � the accounts started getting drained of large amounts. This resulted in a loss of $7 million in ETH and BTC.

The bitcoin exchange was hacked again in June 2018, with XRP (Ripple) as the main target.

As a result of the attack, Bithumb lost nearly $31 million worth of XRP to hackers. The reports suggested that a North Korean group of hackers identified as the Lazarus Group orchestrated the hack. The company promised to repay the users who lost money.

As if these two hacks were not enough, the third hack took place in March 2019. This time nearly 3 million EOS and 20 million XRP were lost in the process.