Cryptocurrency exchange Coinrail announces that its platform has been hacked, with some sources suggesting as much as $40 million has been stolen.
An unidentified hacker has stolen close to $17.5m worth of cryptocurrency. Those affected include Bitcoin Gold, Verge and Monacoin.
According to cryptocurrency research firm Chainalysis, losses of bitcoin, including stealing individuals' holdings through scams, malicious computer software known as ransomware and hacks, increased at least 30 times to US$95m ($129.5m) in 2016 from about US$3m in 2013
The exchange has launched a cryptocurrency reserve worth $10 million and is offering a substantial reward to anyone with information related to a recent attack on the platform's users
In just a few minutes, Bitcoin's price dropped from $10,740 to $9,690, which represents a 10.8 percent crash
Suspicion is growing around Italian cryptocurrency exchange BitGrail after its owner seemingly asked for a coin's ledger to be changed after the exchange reported funds were missing Thursday, Feb 8