Update: Major Cryptocurrency Markets Unaffected by CoinRail Hack

2018-6-12 01:47

CoinRail Hack Should Have No Impact
While it is always unfortunate when a cryptocurrency exchange deals with a hacking attempt, most of these developments pertain to medium-sized and smaller exchanges.
CoinRail plays no role of importance in the cryptocurrency sector, although its users will not be too pleased with this development.
There has been no dumping of any major cryptocurrency on the market, nor will there be in the future.
pic.twitter.com/jU9sRQE7id
— Korean Cryptocurrency & Blockchain News (@BlockchainROK) June 10, 2018

Unfortunately, CoinRail joins a growing list of companies which have been hacked in the past few years.
With CoinRail now having suffered this hack, it is evident the company will have a lot of explaining to do.

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Фото:

Emergency Market Review

As we know, today the markets are experiencing a fall that kicked in around 24-hours ago. The majority of the news is pointing towards a large-scale hack of South Korean cryptocurrency exchange, Coinrail as the root to this demise, however we can be pretty certain that there are some other contributing factors, factors within world politics and world finance.

2018-6-11 12:30

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

The markets are down this morning in the wake of an alleged $40 Million hack of South Korean cryptocurrency exchange, Coinrail. Given current political activities within Singapore (the summit involving both the US President and the Leader of North Korea) we did expect the markets to be a little shaky this morning, the current view however is far worse than we expected.

2018-6-11 12:00

Is South Korean Exchange Hack Responsible for Bitcoin Price Plunge?

Bitcoin price plunge over the weekend is generally being linked to another cryptocurrency exchange hack in South Korea. This time it was a smaller exchange called Coinrail that was breached by blackhats who made off with over $40 million in altcoins which may have caused the massive sell-off on Sunday leaving a trail of red.

2018-6-11 09:12