Bithumb, located in South Korea and ranked the seventh largest cryptocurrency exchange, has confirmed that it was hacked and that the thieves absconded with approximately $32 million in coins, including the XRP token issued by Ripple.

Following the hack, the exchange stopped processing cryptocurrency deposits and withdrawals and moved assets offline.

Bithumb has reported that

A cyber-attack against–Bithumbone of South Korea’s largest cryptocurrency exchanges and one of the five largest in the world—has reaped access to the data of 30,000 users and drained their accounts in the process. Bithumb is one of the biggest ethereum exchanges by volume in South Korea, representing more than 44 percent of trading