Digital currencies worth $40m stolen from Coinrail exchange
Coinrail, the cryptocurrency exchange based in South Korea, said on Sunday afternoon that its digital currency platform had been hacked and around $40m in various tokens stolen.
The exchange closed down the trading platform and put up on its website a “Sytem Maintenance” notice, explaining to users that it had managed to save 70% their token reserves which were now safely stored in a cold wallet.
A blog post published on cryptocurrency sales network PundiX on Sunday suggested that the hackers transferred ether, NPXS, ATX and DENT coins worth around $40m at the time of the attack. Given today’s price declines, the tokens would now be worth around £30m, however.
More details of the suspected hacker emerged after data from Etherscan, the transaction data compiler, recorded an address flagged as “Fake_Phishing1432” tried to sell 26 million tokens on the IDEX exchange.
Coinrail’s statement on its web page said: “Two-thirds of the coins confirmed to have been leaked are covered by freezing / recalling through consultation with each coach and related exchanges.
“The remaining one-third of coins are being investigated with investigators, relevant exchanges and coin developers.”
It added that exact damage was still to be confirmed. The exchange remained closed on Monday.