tweeted that it was hacked, and noted that lesser-known cryptocurrencies such as Pundi X were among those bitcoin hinta usd coingecko affected, according to Google Translate. There were also smaller amounts of five other tokens pilfered in the attack. The Pundi X-bitcoin pair is the most-traded on Coinrail, CoinMarketCap data showed. Though it is technically one of the smaller digital currency exchanges, Coinrail still ranks among the top 100 across the globe according.
Bloomberg s Eric Lam reports explains why bitcoin extended los ses for a third.
While the latest hacking target - a South Korean venue called.
A man is reflected on a screen showing the prices of bitcoin at Bi thumb cryptocurrency exchange in Seoul, South Korea, on June 20, 2018.
Bitcoin dropped more than 10 percent over the weekend to its lowes t in two months, after a relatively small South Korean exchange said it was.
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The distributor lead kept all tokens in hot wallet storage despite warnings from Shopin executives, who claim she was even sent instructional videos regarding the kinds of wallets that should be used. Similar to the Coincheck hack earlier this year in Japan the issuing companies werent hacked, the tokens were stolen from user accounts held by the exchange. Coinrail states : Seventy percent of total coin and token reserves have been confirmed to be safely stored and moved to a cold wallet not connected to the internet. The digital currency traded off those lows Monday afternoon, near 6,700. Ethereum has also dropped from about 602 to 521. The three other cryptocurrency companies did not immediately respond to a cnbc request for comment on Sunday evening. Regulators are investigating potential price manipulation at four major cryptocurrency exchanges: Bitstamp, Coinbase, itBit and Kraken.
The Coinrail hack is the fifth major theft this year. Still, Kim Jin-Hwa of the Korea Blockchain Industry Association describes the company as a minor player and says he can see how such exchanges with lower standards on security levels can be exposed to more risks. The thieves allegedly made off with over 40 million worth of altcoins and assorted tokens. BitGrail in Italy was hit in February, which resulted in over 200 million worth of cryptocurrency disappearing in just a matter of minutes. At press time, bitcoin is trading for roughly 6,700 about 900 less than where it stood just 48 hours ago.
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