South Korean crypto exchange Coinrail hacked, temporarily shuts down

Discussion in 'Crypto Assets' started by mlawson71, Jun 11, 2018.

  1. mlawson71

    mlawson71

    South Korean Coinrail was hacked over the weekend and reportedly lost about 30% of the coins traded on the exchange, which caused a sharp drop in the prices of Bitcoin and other digital currencies. The exchange temporarily suspends operations to fully cooperate with investigators in tracking down the missing funds.

    Coinrail confirmed the “cyber intrusion” in a statement, but did not quantify the value of stolen coins. Nonetheless, the loss is estimated at about 40 billion won (£27.8m).
     
  2. Peter10

    Peter10

    another reason why Cryptos are trash.
     
  3. Millionaire

    Millionaire

    “cyber intrusion” ,

    Well if its that easy for outsiders to hack and steal. How easy must it be for insiders?
     
    Gotcha and Peter10 like this.