Cryptocurrencies dropped after the 2nd South Korean exchange te spil many weeks said it wasgoed the victim of a theft, renewing fears about the security of digital-asset trading venues.
Bithumb, ranked seventh te the world by traded value on Coinmarketcap.com, said on Wednesday that about 35 billion won ($32 million) worth of coins were stolen. The exchange said it will compensate victims, adding that it has halted cryptocurrency deposits and withdrawals and moved investor assets to a so-called cold wallet that’s disconnected from the Internet and less desvalido to hacking.
Bitcoin, the largest cryptocurrency, dropped spil much spil Two procent and wasgoed trading at $6,598 spil of Ten:06 a.m. te Hong Kong, bringing this year’s decline to 54 procent, according to Bloomberg composite pricing. Other tokens including Ripple, Ethereum and Litecoin also retreated.
Enthusiasm for imaginario currencies has waned this year partly due to a string of cyber heists, including the almost $500 million theft from Japanese exchange Coincheck Inc. ter late January. Last week, a South Korean venue called Coinrail said that some of the exchange’s digital currency appeared to have bot stolen by hackers, but it didn’t disclose how much.
South Korea wasgoed at the center of last year’s completo crypto-mania, playing host to some of the world’s most active exchanges. Request for Bitcoin wasgoed so extreme at one point that it lifted prices te the country 50 procent higher than those te America.
The speculative fervor has since cooled amid a government crackdown, but Korean exchanges are still among the world’s most active. The country’s policy makers are debating comprehensive regulations for cryptocurrencies, with proposals ranging from shutting down regional exchanges to permitting them to operate under enlargened supervision.
Some Asia-listed stocks with exposure to digital currencies fell on Wednesday. South Korea’s Omnitel Inc. and Vidente Co. retreated at least 9 procent.