Since yesterday afternoon, bitcoin has been in a declining state. What is the reason for such a decline? What's the reason for bitcoin's collapse? Let's see what's going on.
Bitcoin's biggest decline may be related to hackers' illegal invasion
As of 4 p.m. yesterday, bitcoin prices in New York fell to $6840, the biggest drop since March 14.
It is reported that the reason for the fall in bitcoin price is related to the hacker's invasion of coinrail, the Korean cryptocurrency exchange. According to a statement on the official website, some of the exchange's digital currencies appeared to have been stolen by hackers, but no specific amount was mentioned. It is working with investigators and other exchanges to track down the perpetrators and recover the damage.
At present, coinrail has successfully frozen all NPX, NPER, ATX and other digital currencies at risk of theft, and other cryptocurrencies are now stored in a 'cold wallet'.
Bitcoin's loss expanded to 52% this year, and the transaction prices of Ethereum and UBS, both cryptocurrencies, fell 10% and 11%, respectively.
Extended reading:
Hacker attacks on a South Korean exchange: bitcoin's biggest drop in nearly three months
As of 4 p.m., bitcoin prices in the New York market had fallen to $6840, the biggest decline since March 14, Bloomberg reported, citing bitstamp data, expanding bitcoin's loss to 52% this year. The prices of Ethereum and repor, both cryptocurrencies, fell 10% and 11%, respectively.
On June 10, the cross exchange rate between XBT and US dollar
A statement on coinrail's website confirmed that some of the exchange's digital currencies appeared to have been stolen by hackers, but did not mention the exact amount. Coinrail simply said it was working with investigators and other exchanges to track down the perpetrators and recover the damage.
The core security problem of digital currency is that the currency itself usually only represents a unique digital code, which means that once the data is stolen, its owner information will be erased.
Coinrail said it was reviewing the system to prevent hacking. The exchange said it had successfully frozen all digital currencies at risk of theft, such as NPX, NPER and ATX, and that other cryptocurrencies are now stored in a 'cold wallet'.
According to the data statistics of coinmarketcap.com, the coinrail exchange covers more than 50 different cryptocurrencies, ranking 98th in the global market of the same kind, with a 24-hour trading volume of about $2.65 million.