Coinrail reported that a cyber-intrusion caused some ERC20-based tokens being stolen from the exchange worth nearly $40 million.
On Sunday, June 10, a South Korean cryptocurrency exchange Coinrail officially announced on its website that it has been a victim of a hacking attempt.
In July 2017, South Korea’s largest cryptocurrency exchange Bithumb reported getting hacked wherein data of 31,800 customers was compromised.
In December 2017, another South Korean exchange YouBit was attacked wherein 4000 Bitcoins worth a whopping $48 million were stolen.
The biggest of them was the $500 million hack of Coincheck exchange wherein a huge amount of consumer data was compromised.
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.