Cryptocurrency Exchange Hacking -Major reason of bitcoin Crash
After confirming Cyber Attack by Coinrail a South Korean cryptocurrency exchange Bitcoin price drops to two month lows.
The latest attack highlights the lack of security and weak regulation of global cryptocurrency markets.
Coinrail later said in a statement on its website that its system was hit by “cyber intrusion” on Sunday, causing a loss for about 30% of the coins traded on the exchange. It did not quantify the value, but local news outlet Yonhap News estimated that about 40 billion won (£27.8m) worth of virtual coins was stolen.
For more details: -https://www.theguardian.com/technology/2018/jun/11/bitcoin-price-cryptocurrency-hacked-south-korea-coincheck
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