RATE Group | Bitcoin tanks on South Korean exchange hack – Axios
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Bitcoin tanks on South Korean exchange hack – Axios

11 Jun Bitcoin tanks on South Korean exchange hack – Axios

Posted at 17:18h in Bitcoin News by

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Bitcoin prices fell 3.5% yesterday, after a South Korean crypto exchange called Coinrail was hacked, with crooks stealing around $40 million of alt-coins.

Bottom line: It’s a small exchange and a (relatively) small theft, but further highlighted security problems that still plague the cryptocurrency market.

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