Daily crypto: South Korean crypto exchange hacked and markets are bleeding

Daily crypto: South Korean crypto exchange hacked and markets are bleeding.

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Christian Ploog

christian.ploog@trijo.co

South Korea's seventh largest crypto exchange has been hacked and US authorities are investigating suspicious price manipulation at some of the world's largest crypto exchanges.

Coinrail, one of South Korea’s smaller crypto exchanges, have been hacked over the weekend, writes CNBC.

According to The Investor, 30 percent of all assets, equivalent to $37 million, have been stolen. The attack was aimed at smaller altcoins.

The news of the hack may have made many investors nervous. The crypto markets have fallen sharply since then.

The total market cap of all cryptocurrencies has fallen by over $20 billion – just over the past 24 hours, according to Coinmarketcap.

Another thing that may have affected prices is a report from The Wall Street Journal on Friday claiming that US authorities are now investigating suspicious price manipulation at four major crypto exchanges, Bitstamp, Coinbase, Kraken and Itbit.

Markets are bleeding

Of the largest cryptocurrencies, eos (-16.27%) has fallen the most. Bitcoin cash (-9.90%) is again below $1,000. Also ripple (-8.90%), ethereum (-7.86%) and bitcoin (-7.83%) have fallen sharply in the last 24 hours.

The only cryptocurrency on top 100 that has gone up in the last 24 hours is veritaseum (+7.86%). The ones who performed the worst were skycoin (-27.46%) and waykichain (-25.79%).

Prices the last 24 hours

Asset: Price: % (24h)
Bitcoin $6 707,24 -7,83%
Ethereum $524,98 -7,86%
Ripple $0,571743 -8,90%
Bitcoin cash $929,58 -9,90%
Eos $11,02 -16,27%

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