• Korean crypto exchange Coinrail loses over $40M in tokens following a hack

    2 monthes ago - By Tech Crunch

    Another day, another crypto hack. This time it's Korea, the crypto-mad Asian country, where an exchange called Coinrail lost more than $40 million in altcoins, ICO-issued tokens that aren't bitcoin or Ethereum, after it was hit by an apparent attack over the weekend.
    Korea may be a hot spot for crypto investment , but Coinrail is one of its smaller exchanges, just about ranking inside the world's top 90 based on trading volume, according to coinmarketcap.com. Nonetheless, even the smaller exchanges have plenty of coins, as the size of this heist illustrates.
    Most notably, the hackers got...
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  • Bitcoin Tumbles Most in 2 Weeks Amid South Korea Exchange Hack

    2 monthes ago - By Fortune

    Bitcoin extended losses for a third day, tumbling as much as 6 percent Sunday as South Korean cryptocurrency exchange Coinrail said there was a “cyber intrusion” in its system.
    The largest cryptocurrency declined 5.1 percent to $7,242 as of 5:28pm Hong Kong time, the biggest drop since May 23, according to data compiled by Bloomberg from Bitstamp pricing. That widens Bitcoin's losses for the year to 48 percent. Peer cryptocurrencies Ethereum and Ripple fell at least 6.2 percent.
    Coinrail said in a statement on its website that it's reviewing its system due to hacking attempts. The exchange...
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