Bitkoex Exchange Risks $620K of Karma (KRM Tokens) After Leaked Chat Message

Korean Exchange Risks $620K of Cryptocurrencies After Leaked Chat

There have been several problems involving cryptocurrency exchanges during the last years and months. And this time, a new cryptocurrency exchange from South Korea leaked very important information about 19 uses on the platform.

As reported by CoinDesk Korea on June the 25th, an employee at Bitkoex, a minor exchange in the country that was launched in May, has posted sensitive information about the Karma (KRM) cryptocurrency held by 19 users on the platform.

The report contained email addresses associated with the users and wallet information including the private keys to the KRM token in their accounts. Anyone with the information would be able to access the assets.

The total amount of token owned by users is worth 750 million won ($620,000 dollars) commented the report.

Apparently, Bitkoex explained that the employee shared the information by accident and all the assets were immediately moved to a cold wallet with higher security. Moreover, the company said that no assets were lost.

This is not the first time that a similar situation happens. In the past, the South Korean exchange Bithumb has been hacked after a hacker had access to an employee’s computer with private information of over 30,000 users.

Different countries like South Korea and Japan have decided to implement strong measures to regulate cryptocurrency exchanges. There have been several problems and it is necessary to avoid these things happening in the future.

It is important to mention that no regulation would avoid employees from leaking information or sharing private data. These things will be better once the crypto industry becomes more mature.

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