Bitcoin at 2-month low after South Korean exchange hacked
SEOUL, South Korea — A South Korean cryptocurrency exchange said hackers have stolen about one-third of the coins traded on its market.
Coinrail’s announcement on Monday sent bitcoin prices tumbling to a two-month low.
Coinrail said hackers stole cryptocurrencies including Pundi X, Aston, and NPER. It did not give the value of the stolen coins but Yonhap News agency cited unnamed industry sources saying about coins worth about 40 billion won ($37 million) were lost.
Bitcoin was trading at $6,780, down from more than $7,500 before the weekend, according to Coindesk, which monitors prices.
Coinrail said it was cooperating with police and suspended trading. /kga
Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.