{"id":1940,"date":"2018-06-11T17:26:00","date_gmt":"2018-06-11T17:26:00","guid":{"rendered":"https:\/\/preprod.realtrends.com\/blog\/2018\/06\/11\/cryptocurrency-cyber-attack-coinrail\/"},"modified":"2025-03-13T02:34:38","modified_gmt":"2025-03-13T02:34:38","slug":"cryptocurrency-cyber-attack-coinrail","status":"publish","type":"post","link":"https:\/\/preprod.realtrends.com\/blog\/2018\/06\/11\/cryptocurrency-cyber-attack-coinrail\/","title":{"rendered":"Bitcoin Crashes After Cyberattack"},"content":{"rendered":"<p>Another day, another <a href=\"cybercrime-are-we-picking-convenience-over-security\/\">crypto hack<\/a>. This time it\u2019s Korea, the crypto-mad Asian country, where an exchange called&nbsp;<a href=\"https:\/\/coinrail.co.kr\/\">Coinrail<\/a>&nbsp;lost more than $40 million in altcoins, ICO-issued tokens that aren\u2019t <a href=\"bitcoin-one-brokers-experience\/\">bitcoin<\/a> or Ethereum, after it was hit by an apparent attack over the weekend.<\/p>\n<p><!--more--><\/p>\n<p><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2017-12-06\/bitcoin-frenzy-like-no-other-has-koreans-paying-a-16-premium\">Korea may be a hot spot for crypto investment<\/a>, but Coinrail is one of its smaller exchanges, just about ranking inside the world\u2019s top 90 based on trading volume,&nbsp;<a href=\"https:\/\/coinmarketcap.com\/\">according to coinmarketcap.com<\/a>. Nonetheless, even the smaller exchanges have plenty of coins, as the size of this heist illustrates.<\/p>\n<p>Most notably, the hackers got away with $19.5 million-worth of NPXS tokens that were issued by payment project Pundi X\u2019s ICO. Added to that they scored a further $13.8 million from Aston X, an ICO project building a platform to decentralize documents, $5.8 million in tokens for Dent, a mobile data ICO, and over $1.1 million Tron, a much-hyped project originating from China.<\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/techcrunch.com\/2018\/06\/10\/korean-crypto-exchange-coinrail-loses-over-40m-in-tokens-following-a-hack\/\">Read the Full Article Here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Another day, another crypto hack. This time it\u2019s Korea, the crypto-mad Asian country, where an exchange called&nbsp;Coinrail&nbsp;lost more than $40 million in altcoins, ICO-issued tokens that aren\u2019t bitcoin or Ethereum, after it was hit by an apparent attack over the weekend.<\/p>\n","protected":false},"author":15802,"featured_media":4822,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3255],"tags":[],"coauthors":[],"class_list":["post-1940","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-archive"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.4 (Yoast SEO v26.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Bitcoin Crashes After Cyberattack<\/title>\n<meta name=\"description\" content=\"Billions in cryptocurrency wealth wiped out after a cyber attack. Attack caused the price of bitcoin to drop more than 7%. The attack took place in Korea, where an exchange called\u00a0Coinrail\u00a0lost more t\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/preprod.realtrends.com\/blog\/2018\/06\/11\/cryptocurrency-cyber-attack-coinrail\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Crashes After Cyberattack\" \/>\n<meta property=\"og:description\" content=\"Billions in cryptocurrency wealth wiped out after a cyber attack. Attack caused the price of bitcoin to drop more than 7%. 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