South Korean Exchange Hacked, Bitcoin Plummets Below $7,000

South Korean Exchange Hacked, Bitcoin Plummets Below $7,000

Bitcoin Blockchain Security
June 12, 2018 by Alex Hall
340
exchange called Coinrail was hacked. According to a statement released by Coinrail, their platform experienced what they are calling a “cyber intrusion”, an event that resulted in the theft of about 30 percent of the coins traded on the exchange. In the hours following the hack, bitcoin dropped over $500, bottoming out at $6,720 on