Bitcoin and Ethereum plummet after Coinrail hack

The prices of Bitcoin, Ethereum, and all other major cryptocurrencies have experienced big drops in the last 24 hours, following the news that South Korean cryptocurrency exchange Coinrail has been hacked. 

In a statement on its website Monday, Coinrail said that hackers stole up to 30% of the coins from its storage. 

Accorgint to Coinrail, the hackers struck on June 10 and made away with a number of different cryptocoins, including the recently launched Pundi X (NPXS), which makes roughly two thirds of Coinrail’s trading volume. Korea’s Yonhap estimated that a total of 40 billion won ($37.2 million) of coins went missing.  Read more…

More about Bitcoin, Hack, Hacked, Ethereum, and Cryptocurrency