Speculation Rife as Bithumb Situation Develops, Market Recovers

The Bithumb situation has quickly developed over the past 24 hours, resulting in rampant speculation about what exactly happened.

News of yesterday’s hack quickly broke on Bithumb‘s official Twitter account, but oddly enough, Bithumb deleted the original message after only a few hours. The original message stated that all deposits and withdrawals would be locked due to the theft of over $30 million worth of cryptocurrencies from the exchange’s wallets.

This seemingly random deletion led to a period of speculation and confusion for cryptocurrency community members. Some began to speculate that the hack was actually an ‘inside’ job, with a few drawing lines between a $28 million tax raise for Bithumb and the most recent hack.

WhalePanda, popular cryptocurrency personality, fueled the rumors by taking a light-hearted jab at Bithumb on Twitter.

Bithumb had to pay $28 million worth of back taxes and now lost $30 million less than 2 weeks later.