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Crypto: The World�s Greatest Scam.South Korean cryptocurrency exchange hack sees $40m in altcoin stolen � South Korean crypto exchange Bithumb hacked � The risky business of. Kwon has been accused of fraud by five investors based in South Korea; he is being investigated by a financial crimes unit and in the US by the. Seoul-based bitcoin exchange Bithumb said Wednesday it had lost over $30 million as the result of being hacked, the second cyberattack in two.