RATE Group | Bitcoin tumbles to two-month low after hackers steal THIRD of coins from South Korean cryptocurrency exchange
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Bitcoin tumbles to two-month low after hackers steal THIRD of coins from South Korean cryptocurrency exchange

11 Jun Bitcoin tumbles to two-month low after hackers steal THIRD of coins from South Korean cryptocurrency exchange

Posted at 21:51h in Bitcoin News by

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BITCOIN has tumbled to a two-month low after hackers stole a THIRD of coins from a South Korean cryptocurrency exchange.

Thieves are believed to have swiped £28m of digital currency including Pundi X, Aston and NPER was swiped from Coinrail over the weekend.

The value of Bitcoin has plummeted after reports of a £28million theft from a South Korean cryptocurrency exchange

Alamy

The value of Bitcoin has plummeted after reports of a £28million theft from a South Korean cryptocurrency exchange

The reported hack is the biggest cryptocurrency theft in the country’s history.

Coinrail said 30 per cent of its coins had been stolen, with 70 percent of its coins moved to a more secure “cold wallet”, which can transfer coins into a platform that is not connected to the internet.

They did not reveal the value of the theft, but Yonhap News cited industry sources who claimed that hackers stole 40billion won – £27.7million – worth of currency.

The announcement has sent Bitcoin plummeting from more than $7,500 (£5,586) before the weekend to $6,780 (£5,050) today – while other digital currencies also…

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