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Published on Gold Anti-Trust Action Committee (http://gata.org)

Bitcoin tumbles most in two weeks amid South Korean hack

By cpowell
Created 2018-06-10 14:40

By Eric Lam and Jiyeun Lee
Bloomberg News
Sunday, June 10, 2018

Bitcoin extended losses for a third day, tumbling as much as 6 percent today as South Korean cryptocurrency exchange Coinrail said there was a "cyber intrusion" in its system.

The largest cryptocurrency declined 4.6 percent to $7,277 as of 10 a.m. 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 49 percent. Peer cryptocurrencies Ethereum and Ripple fell 5 percent and 6.6 percent, respectively.

... Dispatch continues below ...



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Coinrail said in a statement on its website that it's reviewing its system due to hacking attempts. The exchange says it has managed to freeze all exposed NPXS, NPER, and ATX coins, and that other cryptocurrencies are now being kept in a cold wallet. The statement is the only content available on the exchange's homepage, and contact information could not immediately be located. ...

... For the remainder of the report:

https://www.bloomberg.com/news/articles/2018-06-10/bitcoin-tumbles-most-... [2]

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Source URL:
http://gata.org/node/18301