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Korean crypto exchange Coinrail loses over $40M in tokens following a hack

By TechCrunch

Another day, another crypto hack. This time it’s Korea, the crypto-mad Asian country, where an exchange called Coinrail lost more than $40 million in altcoins, ICO-issued tokens that aren’t bitcoinRead full story

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  • Cryptohacks continue! Just waiting until the. If one hits and everyone loses their sh*t and their shirts. Could it happen?

  • Anthony Duignan-Cabrera
    Anthony Duignan-CabreraCEO at ADC Strategy

    After the cryptocurrency community crowed with delight after last week's Visa troubles, let's just admit the increase in 51% attacks and straight forward hacks like this don't really build confidence.

  • Rachel Nelson
    Rachel Nelson

    I had lunch with a friend this morning who invests in the crypto exchange and I still cannot wrap my head around this abstract concept. It seems more variable and unstable than any stock market or gambling even. I wonder if this type of currency will end or continue to rise the roller coaster. It’s amazing that people are willing to take the risk, but then again the same friend who lost thousands and thousands before 9 am this morning also almost made a million in February so I can see where the addiction may begin and grow

  • Crash and grab, the act of ramming a vehicle into an ATM machine and stealing the money costs $625 000/day worldwide...but no one seems to care about that.

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