Coinrail South Korean Cryptocurrency Exchange Hacked
Coinrail South Korea-based cryptocurrency exchange in a statement on its website on Monday said hackers have stolen about one-third of the coins traded on its market over the weekend. This prompted extended sell-off of bitcoin to a 2-month low.
Coinrail said its system was under “cyber intrusion,” causing a loss of about 30 percent of the coins traded on the exchange. It did not quantify its value but said the hack occurred on Sunday.
The hacking attack on Coinrail comes after Japan’s cyrptocurrency exchange Coincheck was hacked earlier this year in a high-profile theft of its digital currency.
As soon as it detected the intrusion, Coinrail put its portal in maintenance mode. The exchange said it secured and moved most of its cryptocurrency assets in cold storage (offline) wallets. And it has managed to freeze all exposed NPXS, NPER and ATX coins
Coinrail is now investigating the source of the hack. On Twitter, the exchange said it’s working with the affected ICO companies to freeze the stolen tokens.
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