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A weekend breach and theft at a Korean digital currency exchange is being blamed for a drop in the price of Bitcoin.
Coinrail confirmed on Saturday that it had been the victim of a hack and as a result coins were lifted from its systems.
Value - Coins - Cryptocurrencies
The value of the lost coins (nine different cryptocurrencies in total) is estimated to currently be around $30m.
Coinrail, who says it has only accounted for around 70 per cent of its coins/reserves at this point, is also suspending service and moving all of its stored coins to an offline cold wallet while it investigates the incident.
Currencies - Tokens - Pundi - X - Payments
One of the breached currencies was tokens from Pundi X, a payments company that says it is now working with both Coinrail and South Korean law enforcement to investigate the breach.
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The only change you ever get from the goverment is what's in your pocket, and worth less every day.