Bitcoin Tumbles Most in Two Weeks Amid South Korea Exchange Hack

Bitcoin extended waste for a third day, acrobatics as most as 6 percent Sunday as South Korean cryptocurrency sell Coinrail pronounced there was a “cyber intrusion” in a system.

The largest cryptocurrency declined 5.1 percent to $7,242 as of 5:28pm Hong Kong time, a biggest dump given May 23, according to information gathered by Bloomberg from Bitstamp pricing. That widens Bitcoin’s waste for a year to 48 percent. Peer cryptocurrencies Ethereum and Ripple fell during slightest 6.2 percent.

Coinrail pronounced in a matter on a website that it’s reviewing a complement due to hacking attempts. The sell says it has managed to solidify all unprotected NPXS, NPER and ATX coins, and that other cryptocurrencies are now being kept in a cold wallet. The matter is a usually calm accessible on a exchange’s homepage, and hit information could not immediately be located.

The sell trades some-more than 50 opposite cryptocurrencies and was a 98th largest, with a 24-hour volume of about $2.65 million, according to data from Coinmarketcap.com.

— With assistance by Sharon Cho

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