Post
Topic
Board Trading Discussion
Re: Bitcoin under 6700 because of exchange hack !
by
loverets45
on 13/08/2018, 10:08:21 UTC
A Korean crypto exchange Coinrail loses over $40M in tokens following a hack. Coinrail was hit by an apparent attack over the weekend.
source: https://techcrunch.com/2018/06/10/korean-crypto-exchange-coinrail-loses-over-40m-in-tokens-following-a-hack/



I don't know how an exchange affect the price of cryptocurrency or more specifically Bitcoin. When an exchange is hacked, it would not mean that price will drop. And I don't think reading articles like this would help us gain a legitimate information about what is happening in cryptocurrencies.
In past we have already faced such situation, which no bout affect the bitcoin price, but I think that the current decrease in bitcoin price is not because exchange has been hacked. I think that it is only because of the affect of ETF