Bitcoin price plunged 10% after South Korean exchange getting hacked

    2018/06/11 14:08 Joey huang Created with Sketch.
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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.
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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
Declaration:The purpose of COINTIME in carrying out more information does not mean endorsing its view or confirming its description. The article is for reference only, does not constitute investment proposal. Investors operate on the basis of risk.
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