Bitcoin Prices Continue to Decrease To The Lowest Level This Year, Is This The Cause?

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The price of bitcoin and other cryptocurrencies continues to decline to the lowest level this year. That's because the case of hacking during this week, which broke into coins worth about 37 million US dollars (about Rp 516.5 billion).

The news was delivered by the South Korean cryptocurrency exchange bureau, Coinrail which also said hackers earn about 30 percent of their coin and token reserves.

Some of the affected tokens are Pundi X (NPXS), ATX, NPER and DENT.

To overcome this problem, Coinrail said if the coin exchange will be done offline while the remaining time and assets are transferred to cold storage (frozen).

While it will still review the security system and cooperate with law enforcement to conduct an investigation.

But not mentioned, how offline exchange can replace customer losses.

On Monday (6/11/2018) morning, bitcoin prices fell by as much as six percent.

Ars Technica reported compiled KompasTekno, bitcoin has lost half the price since last year, where the exchange rate is quite volatile.

Other virtual coins, including ethereum also suffered a similar fate on Monday morning, after continuing to plummet for the past two months.

Coinrail is just one of the digital currency exchange bureaus that reported the theft of millions of valuable digital coins, the result of hackers.

Previously, January ago, Bureau of currency Exchange digital Japan, coincheck also reported theft cryptocurrency xem worth 400 million US dollars (about USD 5,5 million trillion). Bureau of such as tether and etherdelta also reported the same thing.

Not only the Bureau of currency Exchange digital, researchers 360 netlab are also inform the operation of the hackers, that steal coins ethereum. Coins stolen is stored by the end user in the application and installation of mining less safe.

Monday morning, the researchers revealed if thieves managed to steal coins worth more than 20 million US dollars (about USD 279,2 billion)