Bitcoin Price Hits Two Month Low On South Korea's Cryptoexchange Hack Claims

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    After South Korea based cryptocurrency exchange Coinrail claimed that it was robbed off cryptocurrencies including Pundi X, Aston and NPER over the weekend, price of the most popular bitcoin token tumbled to a 2- month low.

    Bitcoin Price Hits Two Month Low On South Korea's Cryptoexchange Hack Claims

    On Monday, the exchange announced that nearly one-third of the cryptocurrencies traded over its platform have been stolen by hackers. Though the exchange did not disclosed the value of the coins, the industry sources estimated the loss at 40 billion won or US$37 million.

    As per Coindesk, a platform that checks on cryptocurrency prices, bitcoin just before the weekend was trading at a price higher than US$ 7500 but now was last seen trading at US$ 6850.28.

    Meanwhile, Coinrail has suspended trading activity in cryptos and also asserts that it is cooperating with police personnels. The exchange introduced in September last year ranks amongst the leading exchanges in terms of trading volume in South Korea.

    Read more about: bitcoin bitcoin price
    Story first published: Tuesday, June 12, 2018, 14:24 [IST]
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