Source:
https://scmp.com/tech/article/2150144/largest-cryptocurrency-bitcoin-falls-most-three-months-after-korean-exchange
Tech

Largest cryptocurrency Bitcoin falls most in three months after Korean exchange hacked

Coinrail says it reviewing its system due to hacking attempts

Coinrail says it reviewing its system due to hacking attempts

Bitcoin extended losses for a third day, tumbling as much as 12 per cent Sunday as South Korean cryptocurrency exchange Coinrail said there was a “cyber intrusion” in its system.

The largest cryptocurrency declined to US$6,840 as of 4pm in New York, the biggest drop since March 14, according to data compiled by Bloomberg from Bitstamp pricing. That widens Bitcoin’s losses for the year to 52 per cent. Peer cryptocurrencies Ethereum and Ripple fell 10 per cent and 11 per cent, respectively.