The Art of Crypto narrates the June 2019 hack of South Korean cryptocurrency exchange Bitdome, where approximately $31 million in digital assets were stolen. According to the video, the breach was likely an inside job: an employee allegedly sold the exchange’s private keys to external hackers, who then accessed the exchange’s hot wallet and transferred the funds to an anonymous address. Bitdome faced heavy criticism for keeping a large balance in a hot wallet instead of using more secure cold storage. The exchange later managed to recover a portion of the stolen assets, but the incident underscores the classic crypto security mantra “not your keys, not your coins,” urging users to store assets in personal cold wallets. The story ends with a reminder of the importance of proper key management and secure storage.
