Bitcoin price plunged 10% after South Korean exchange getting hacked

    2018/06/11 14:08 Joey huang Created with Sketch.

Bitcoin prices sink 10% seeing a two-month low after a relatively small South Korean cryptocurrency exchange was hacked.

South Korean cryptocurrency exchange, Coinrail stated in a tweet that tha company had been attacked and lesser-known cryptocurrencies like Pundi X had been affected. According to CoinMarketCap, the Pundi x-Btcoin portfolio is Coinrail's most traded cryptocurrency.

However, Coinrail's public statement did not mention Bitcoin (BTC).

According to CoinDesk's price index of BTC, it hit a low point of $6,647.33 which is the lowest level since April of this year. So far, the largest crypto-giant has fallen about 50% this year by the market capitalization .

Other mainstream cryptocurrencies also showed a trend of decline. According CoinDesk data, Ethereum (ETH) prices fell by 14% sinking to $514, Litecoin (LTC) prices went down more than 11% dropping to nearly $104.

The Wall Street Journal published a report stating that, American regulators are investigating the price manipulation of four cryptocurrency exchanges: Bitstamp, Coinbase, itBit and Kraken.

    Adapted from: CoinTime Author: Jackie Executive editor: Nino
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