South Korean Crypto Exchange Bithumb Hacked, $31.5 Million Stolen

2018-6-20 07:30

Popular South Korean cryptocurrency exchange Bithumb has suspended all deposits and withdrawals following a hack resulting in the theft of more than $31 million worth of cryptocurrencies. This marks the second Korean exchange hack in as many weeks.

Seoul-based cryptocurrency exchange Bithumb – currently the sixth largest exchange in the world by trade volume – announced shortly before 9 AM local time Wednesday that more than 35 billion won ($31. 5 billion) worth of cryptocurrencies had

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Emergency Market Review

As we know, today the markets are experiencing a fall that kicked in around 24-hours ago. The majority of the news is pointing towards a large-scale hack of South Korean cryptocurrency exchange, Coinrail as the root to this demise, however we can be pretty certain that there are some other contributing factors, factors within world politics and world finance.

2018-6-11 12:30

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Coinrail Hack See’s Markets Crash As $40 Million Stolen

The markets are down this morning in the wake of an alleged $40 Million hack of South Korean cryptocurrency exchange, Coinrail. Given current political activities within Singapore (the summit involving both the US President and the Leader of North Korea) we did expect the markets to be a little shaky this morning, the current view however is far worse than we expected.

2018-6-11 12:00

Is South Korean Exchange Hack Responsible for Bitcoin Price Plunge?

Bitcoin price plunge over the weekend is generally being linked to another cryptocurrency exchange hack in South Korea. This time it was a smaller exchange called Coinrail that was breached by blackhats who made off with over $40 million in altcoins which may have caused the massive sell-off on Sunday leaving a trail of red.

2018-6-11 09:12

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