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Bitcoin Prices Continue to Decline to the Lowest Level of the Year, Is This The Cause? by ridor5301

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cryptocurrency · @ridor5301 ·
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Bitcoin Prices Continue to Decline to the Lowest Level of the Year, Is This The Cause?
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 solve this problem, Coinrail said if the coin exchange will be done offline while the remaining time and assets are transferred to cold storage (frozen).

 ![image](https://img.esteem.ws/jsst0qifoe.jpg)

[SOURCE](cdn2.tstatic.net/aceh/foto/bank/images/bitcoin_20171214_223432.jpg)

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.


Earlier, in January, Japan's digital currency exchange bureau, Coincheck also reported the theft of XEM cryptocurrency worth 400 million US dollars (about Rp 5.5 million trillion). Other bureaus such as Tether and EtherDelta also reported similar things. 

Not only the digital currency exchange bureaus, researchers from 360 Netlab also reported the operation of the hackers, who steal ethereum coins. Stolen coins are those stored by end users in less secure applications and mining installations. Monday morning, the researchers revealed if thieves managed to steal coins worth more than 20 million US dollars (about Rp 279.2 billion).

 ![image](https://img.esteem.ws/wlf2vpaftq.jpg)

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