A cryptocurrency hack results in a theft of $ 40 million

Attacks on cryptocurrencies have become commonplace, so we've seen news of million-dollar thefts in the past. The situation is repeated in South Korea, this time the Coinrail exchange being the victim of this hack. As a consequence, 40 million dollars in value have been stolen. One more blow to this market.

A cryptocurrency hack results in a theft of $ 40 million

The security of cryptocurrencies has been questioned on multiple occasions. So this theft does not contribute to improve this image. As a consequence of the theft, there have been notable drops in the value of many of the currencies.

New theft of cryptocurrencies

Even Bitcoin has been affected by this theft and has ended with a notable drop in its value, of around 7% throughout Sunday. So we can see the many consequences that this type of actions can have in the market. Other currencies like Ethereum have also been hit by the theft in South Korea, dropping by 6-8% throughout the day.

At the moment, this theft and the hacking suffered are still under investigation in South Korea. Because at the moment nothing is known about it, nor is it suspected who it may have been. So we hope that more details will be known soon as the investigation progresses.

What is clear is that security in the cryptocurrency market is still not the best. Since they are vulnerable to attacks and robberies of enormous magnitude like these.

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