Tags: AS | SKorea | Crypto | Exchange | Hack

Bitcoin at 2-month low after South Korean Exchange Hacked

Monday, 11 June 2018 12:38 AM EDT

SEOUL, South Korea (AP) — A South Korean cryptocurrency exchange says hackers have stolen about one-third of the coins traded on its market.

Coinrail's announcement Monday sent bitcoin prices tumbling to a two-month low.

Coinrail said hackers stole cryptocurrencies including Pundi X, Aston and NPER. It did not give the value of the stolen coins but Yonhap News agency cited unnamed industry sources saying about coins worth about 40 billion won ($37 million) were lost.

Bitcoin was trading at $6,780, down from more than $7,500 before the weekend, according to Coindesk, which monitors prices.

Coinrail said it was cooperating with police and suspended trading.

© Copyright 2026 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


GlobalTalk
A South Korean cryptocurrency exchange says hackers have stolen about one-third of the coins traded on its market.Coinrail's announcement Monday sent bitcoin prices tumbling to a two-month low.Coinrail said hackers stole cryptocurrencies including Pundi X, Aston and NPER....
AS,SKorea,Crypto,Exchange,Hack
103
2018-38-11
Monday, 11 June 2018 12:38 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved