Cryptocurrency users are venting frustration June 11 after mainstream media outlets reported the crypto market had fallen namely due to the hacking of a small South Korean exchange Coinrail.
As both Bitcoin and altcoins fell June 10, sources including Bloomberg, the Wall Street Journal (WSJ), Reuters, the Guardian and others claimed that Coinrail’s hack – which local media reported as causing $37 mln in losses – had crashed markets.
The exchange confirmed the “cyber intrusion” in a tweet Sunday, and in a post on its site, but has yet to specify the value of losses.
“Enthusiasm for virtual currencies has waned partly due to a string of cyber heists,” Bloomberg wrote June 10, citing an Singapore forex trader who told the publication that Coinrail had prompted widespread “knee-jerk” selling, triggering the price drop.
Not just price, but several other measures pointed to a protracted period of bear market conditions, he said.
Changpeng Zhao said the Wall Street Journal “got the facts wrong” He believes it’s a “motivated attack” on US President Donald Trump and the residual forces of the “war on crypto” from the last administration at work In 2023, Zhao resigned as Binance’s CEO as part of a plea deal Binance’s former CEO has denied […]
The post Former Binance CEO denies report, says “no discussion” with Trump over a presidential pardon appeared first on CoinJournal.
Бывший гендир Binance Чанпэн «CZ» Чжао жёстко отмёл слухи о том, что он якобы пытался сотрудниать с семейством Трампа, чтобы отмазаться от возможных проблем с законом. В своём треде в X (Twitter) 13 марта CZ чётко дал понять: «Никаких обсуждений сделки с Binance US у меня не было… ну, ни с кем вообще.» Он также […]
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