Cryptocurrency and ICO news 11.06.2018

Coinrail exchange hacked, $40 million possible loss

Coinrail, South Korea’s crypto exchange, said on Sunday its platform was hacked with cryptocurrencies stolen that appeared to worth $40 million at the time of the event.

According to Coinrail’s website, the exchange has already suspended its service to conduct system maintenance since it has suffered from what it calls a “cyber intrusion,” which resulted in a range of ERC-20 based tokens stolen from the platform. The investigation is going on, few accounts on several decentralized exchanges are under suspicion. Nevetheless, this event became one of the downtrend drivers in the market in recent hours.