Coinrail Hack See's Markets Crash As $40 Million Stolen

Coinrail Hack See's Markets Crash As $40 Million Stolen

Coinrail Hack See's Markets Crash As $40 Million Stolen

NY time on Friday and was trading at $6,781.19 as of 11:43 a.m.in Hong Kong on Monday, bringing its year-to-date loss to 53 percent. Most other major virtual currencies also slumped, sending the market value of digital assets tracked by Coinmarketcap.com to a almost two-month low of $294 billion.

Although Coinrail didn't specify the value of the heist, a wallet address that has been linked to the alleged attacker appeared to have stolen more than $40 million worth of cryptocurrency, TechCrunch noted. Two-thirds of the stolen assets - which the exchange identified as NPXS, NPER and ATX coins - have been frozen or collected, while the remaining one third is being examined by investigators, other exchanges and cryptocurrency development companies, it said.

Coinrail was mostly trading ERC20 tokens, according to CoinMarketCap.

Japan in February carried out raids on a number of exchanges following the Coinbase hack, which exceeded the US$480 million in virtually currency stolen in 2014 from another Japanese exchange, MtGox.

Donald Trump, Kim Jong Un prepare for Singapore summit
President Trump's first meeting with North Korean leader Kim Jong Un will be held one-on-one, according to a White House official. During his preparation period, Trump continued on Monday to publicly brawl on Twitter with U.S. allies over trade.

Capcom Have Finally Revealed Devil May Cry V
Capcom has a presence at E3 2018 , so we could potentially hear more from Devil May Cry 5 at some other point during the week. Don't worry, the teaser ended with a quick appearance from original Devil May Cry protagonist Dante as well.

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We won't be surprised however, to see it out the same time as Madden NFL 19 which is debuting on August 10, if not earlier. The other major feature unique to Access Premier is being able to stream games instead of needing to download them.

Coinrail is not a member of the group that promotes self regulations to enhance security. South Korea has been the third largest market for Bitcoin trading in the world after Japan and the USA and has also suffered several major exchange hacks resulting in both fear driven activity on the trading side and calls for more stringent regulation from the government.

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.

Korea Internet & Security Agency, now carrying out the investigation with police, said only four of the country's largest exchanges are subject to the Information Security Management System certification (ISMS) requirement. The rest of the coins were then moved to a safe "cold valet", which is disconnected from the internet. The company wasn't immediately available for further comments.

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