The hack resulted in Coinrail losing around 30 per cent of the coins traded on the exchange and trading has now been suspended as the website is temporarily unavailable. Although the exact amount of damage caused by the theft is yet to be confirmed, South Korean news outlet Yonhap News has estimated it to be around 40 billion won ($37.2 million). South Korea has been the third largest market for Bitcoin trading in the world after Japan and the United States and has also suffered several major exchange hacks resulting in both fear driven activity on the trading side and calls for more stringent regulation from the government.
While the price of Bitcoin may have taken a nosedive, there's still likely to be a heavy appetite for it as some traders speculate on when the price might suddenly surge in order to make a quick buck. "(Coinrail) is a minor player in the market and I can see how such small exchanges with lower standards on security level can be exposed to more risks", Reuters quoted Kim Jin-Hwa, a representative at Korea Blockchain Industry Association, as saying.
The 2018 selloff in cryptocurrencies deepened, wiping out US$42 billion of market value over the weekend and extending this year's slump in bitcoin to more than 50 per cent. Exchanges in South Korea have a history of being hit by cyberattacks.
It noted that all assets of Coinrail that have not been leaked have been shifted into a cold wallet, which are on devices not accessible through the internet. It was just one month ago that the currency had been touching $10,000.
"Coinrail, as of June this year, hasn't been certified with the ISMS, as it isn't mandatory (for the organisation to do so)", the local regulator said in a statement.
The Korean National Police Agency is investigating the case, an official said by phone.
"We began the investigation immediately after receiving reports from the company".
It will be interesting to see how it does in the start of the race, especially because Red Bull will start on the hypersoft. Mercedes were first out in Q3 and smashed the records, Bottas topping Hamilton in 1:10.857 before Vettel beat that.
That way, users can reset a post that was inadvertently set to public back to being shared just with friends if they would like. As Recode points out, the private/public setting on Facebook will be the same for new posts as it was on previous ones.
As we can see below, the logo for Hitman 2 is present at Warner Bros' website , hinting towards an incoming announcement. As seen in the tweet below, Hitman fans should expect IO Interactive and Warner Bros.
Durant was electric in Game 3 while Curry struggled, but let's not forget Curry's Finals-record nine three-pointers in Game 2. His eighth straight appearance didn't go well either, and now there's uncertainty where the superstar will play next.
German Chancellor Angela Merkel suggested to the German parliament on Wednesday that she is bracing for some frank talks. There are diminishing hopes the G7 will defuse the situation and allow the sides to step back from an all-out trade war.
The former Suits star joined The Queen for the first time on the Buckingham Palace balcony today with the rest of the family. The Queen's great-granddaughter then turned to younger cousin, Prince George , to school him in the art of royal etiquette.
He added: "David has never wanted anything for himself that he hasn't earned, as his sole desire has always been to contribute". At recent twice-a-year gatherings for likeminded patrons of these groups, David Koch has been noticeably absent.
But ahead on the green, Molinari sunk a 30-foot putt for birdie to slice the lead to one stroke and prompt roars from the crowd. There's a charm in the childlike pranks she enjoys playing on her older sister, Moriya. "Sisters can be like that".
Manchester City winger Leroy Sane has been surprisingly omitted from Germany's final 23-man World Cup squad . Even so, Sane has started the -majority of Germany's recent friendlies, but is not thought to have impressed.
Porsche Mission E to be called Porsche Taycan
At Porsche , the vehicle names generally have a concrete connection with the corresponding model and its characteristics. The Eurasian name also signifies the launch of the first electric sports vehicle with the soul of a Porsche .
Kim Kardashian to meet Alice Marie Johnson after prison release
The statement noted Johnson was known as a mentor to other inmates, and cited recommendations for clemency from prison officials. During his first year and half in office he has issued a number of pardons, however, mostly involving high-profile cases.
Democrats avert California debacle, gear up for midterms
Two Democrats, Harley Rouda and Hans Keirstead, were next, separated by fewer than 100 votes, leaving the race too close to call. In another, Issa's district, Republican Diane Harkey was leading in early returns, as two Democrats vied for the second slot.
Kudlow: Trudeau is 'overreacting' to USA tariffs
Gardiner said there would be "no winners" if the European Union and the United States entered a full-scale trade war. Over the past year, the G-7 blamed the USA for failure to reach climate change agreement but did nothing about it.