South Korean cryptocurrency exchange Coinrail loses $37M to hackers; police starts investigation
해킹공격시도로 인한 시스템 점검중입니다. 일부코인(펀디엑스,NPXS)이 확인되었으며 추가적인 코인피해가 있는지 여부를 확인중입니다. 추후 자세한 사항은 재공지하겠습니다 / There has been an cyber intrusion in our system. We're confirming it and some coins(Pundi X, NPXS) are confirmed.— coinrail (@Coinrail_Korea) June 10, 2018
Coinrail has reportedly lost around $37 million in cryptocurrencies in a major hack on June 10. In an online post on its website, the company said that 70% of the cryptocurrency reserves are safe and have been moved to a cold storage.
“Two-thirds of stolen cryptocurrencies were withdrawn or frozen in partnership with related exchanges and coin companies. For the rest, we are investigating into it with an investigative agency, related exchanges and coin developers,” it added.
A police spokesperson said that they have secured the access history of Coinrail servers are will be analyzing them. The police also said that it will also check if the leak of cryptocurrencies was caused by hacking or computer network problems.
This is not the first hacking attack in South Korea. Youbit suffered two major hacks last year, losing around 20 billion won, while Bithumb also reportedly lost billions of won to hackers in 2017.
The cryptocurrency market slumped on the hack news: Bitcoin dropped 11% to a low of $6627 on Bitstamp, Ether plummeted by 14% to near $500 levels (Coinbase), and Ripple dropped 15% to $0.555 on Kraken.