Bitcoin Tumbles Most in Two Weeks Amid South Korea Hack

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Coinrail confirmed in its statement that the exchange is fully cooperating with a police investigation into the hacking, and that trading has been suspended for now.

Without disclosing the exact amounts stolen, Coinrail revealed some of the stolen ERC-20 tokens, namely NPXS tokens from Pundi X, a payment project; ATC from Aston X, a decentralized document project and; NPER tokens from the namesake decentralized IP project. Tron, which is one of cryptocurrencies hacked this time, dropped 16.12 percent to 52 won.

Coinrail did not specify the value of the currency that was taken in the attack at the weekend but said it was working with authorities and other coin developers to track down the culprits. That address is now flagged as "Fake_Phishing1432".

Data from etherscan.io further indicates that following the hack, while the NPXS was sent to IDEA, other stolen tokens appeared to have been sent for trading to EtherDelta, another decentralized cryptocurrency exchange.

Korea Internet & Security Agency, now carrying out the investigation with police, said only four of the country's largest exchanges are subject to the Information Security Management System certification (ISMS) requirement.

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However, it remains unclear at this stage whether the assets had been liquidated or not. EtherDelta has not yet responded to CoinDesk's enquires for comments.

Coinrail said the balance 70 percent of virtual coins are now secure in its "cold wallet", which operates on platforms not directly connected to the internet.

For the rest 30 percent that were compromised, the firm said two-thirds of them are now frozen - that include NPXS, ATX, NPER.

The exchange trades more than 50 different cryptocurrencies and was the 98th largest, with a 24-hour volume of about $2.65 million, according to data from Coinmarketcap.com. Its data is now not available on CoinMarketCap due to the system suspension.

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