Coinrail, a crypto exchange based out of South Korea, said on Sunday its platform was hacked with cryptocurrencies that appeared to worth $40 million at the time of the event.
Yet, a blog post published by Pundi X on Sunday hinted that the alleged hacker may have stolen 1,927 ETH, 2.6 billion NPXS, 93 million ATX, 831 million DENT coins as well as six other alt-coins also in significant amounts.
These assets in total worth around $40 million at the time of the hack and have since then dropped to $30 million as of press time, according to data from CoinMarketCap.
Pundi X’s article suggested that following the hack, Coinrail has alerted the project on Sunday an ethereum address which is believed by Coinrail to be associated with the alleged hacker.
Coinrail and Pundi X claimed that IDEX has frozen the assets sent from Fake_Phishing1432 upon investigation, as such the NPXS tokens are not liquidated.
South Korean regulators plan to lift a nine-year ban on corporate crypto investments as the country continues to warm up to the digital asset space. South Korea’s Financial Services Commission has reportedly crafted new guidelines for listed corporations and professional…
Most breaches involved failures in customer due diligence and identity verification processes. The action coincides with reports of a potential majority acquisition by Mirae Asset. The case reinforces stricter regulatory expectations across South Korea’s crypto sector.
According to reports, Mirae Asset Group is in advanced talks to buy Korbit, South Korea’s long-running crypto exchange, in a deal valued at about 100 billion to 140 billion won — roughly $70 million to $100 million.
Hyundai Group’s Seoul offices were evacuated after an email threatened explosions unless a Bitcoin ransom was paid, authorities and media reports said. Related Reading: Hoskinson Warns Trump’s Crypto Push Could Backfire On The Industry The message demanded 13 Bitcoin — roughly $1.
Bitcoin Magazine
‘Pay 13 Bitcoin or We Blow It Up’: Hyundai Bomb Threat Shakes South Korean Offices
Hyundai Group evacuated staff from two Seoul offices after receiving a bomb threat email demanding bitcoin.
South Korea boasts one of the most reliable crypto audiences in the world. But when it comes to actually sticking around on-chain, that attention drops off fast.
