RATE Group | Bitcoin continues to ease after Coinrail exchange hack
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Bitcoin continues to ease after Coinrail exchange hack

13 Jun Bitcoin continues to ease after Coinrail exchange hack

Posted at 05:39h in Bitcoin News by

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Bitcoin eased further on Wednesday following its initial drop after the weekend announcement that South Korean cryptocurrency exchange had been hacked.

Other major cryptocurrencies also weakened markedly.

Bitcoin traded as low as $6,455.91 early on Wednesday Asia time, its lowest level since April. Bitcoin pared some of those losses to trade around $6,550.76 by 11:40 a.m. HK/SIN, according to CoinDesk.

Bitcoin had fallen around 10 percent over the weekend following news that South Korean exchange Coinrail had been hacked, with a number of lesser-known cryptocurrencies such as Pundi X counting among those affected. Bitcoin, however, was not mentioned by the exchange in its statements, according to Google translate.

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