There has been a sharp drop in the price of bitcoin and other virtual currencies after the cryptocurrency exchange
Coinrail was hacked over the weekend.
A tweet from Coinrail – a relatively small South Korean cryptocurrency exchange – confirmed the cyber-attack, The report almost immdiately sent the price of bitcoin tumbling 10%, to two-month lows.
Bitcoin (BTC), the world’s number-one cryptocurrency, lost over US$500 in just over an hour earlier today, dropping to a daily low of US$6,627, while most other digital currencies also recorded large percentage losses in the 8 to 11% range.
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