Print Edition - 2018-06-13  |  Money Digest

Bitcoin at 2-month low

SEOUL

Jun 13, 2018-A South Korean cryptocurrency exchange said on Monday hackers have stolen about one-third of the coins traded on its market, an announcement that sent bitcoin prices tumbling to a two-month low. Coinrail said hackers stole cryptocurrencies over the weekend including Pundi X, Aston and NPER. It did not give a value but Yonhap News agency cited unnamed industry sources saying coins worth about 40 billion won ($37 million) were lost. If true, that would make it the biggest cryptocurrency theft reported to date in South Korea. Bitcoin was trading at $6,780 on Monday, down from more than $7,500 before the weekend, according to Coindesk, which monitors prices. Coinrail said it was cooperating with police and suspended trading. News reports said Coinrail, launched in September, was the seventh-largest exchange in South Korea by trading volume. (AP)

Published: 13-06-2018 08:39

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