Market lost ~20 bil. USD! Cryptocurrency prices are dropping, here's why! Coinrail Hacked!?

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Coinrail, the South Korean cryptocurrency exchange was hacked. In the hacking incident the hackers stole over 2.6 bil. NPXS ( over 20 mil. USD) and a few other Etherum based tokens. NPXS is the cryptoasset enabling Pundi X (the Indonesian startup that wants to make cryptocurrency more accesible). Coinrail site's has been down for inspection and will be down for 26 hours, it's expected to be up at 04:00 KST monday.

There have beem evidence shared about the attack, the trail of transactions shows that over 2.6 bil of NPXS was sent to an IDEX wallet. other coins seem to be involved aswell (NPER, ATX, DENT, TRX, B2B, JNT, KNC, STORM).

With the spread of these news the market went down 20 bil. people sold coins, this could be one of the major problems that caused the crashing prices.

Coinrail is not one of the major exchange websites, it's ranked at the end of the top 100 exchanges, around 90th place, and it was capable of creating such a crash, I don't want to imagine what would happen if a Top 10 exchange would be hacked.

More can be found here.
Cryptocoinspy
Bloomberg
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