Korean exchange Coinrail has lost over …

Korean exchange Coinrail has lost over …

Korean exchange Coinrail lost over $ 40 million in cryptocurrency tokens

South Korean platform Coinrail is at the bottom of the list of 100 largest cryptocurrency exchanges in terms of trading volume, according to CoinMarketCap, but it can hold tens of millions of dollars worth of tokens in its wallets, as the hackers who successfully carried out the attack this weekend were able to see. Writes about it TechCrunch.

The cybercriminals prey on $ 19.5 million in NPXS tokens issued by the developer of payment solutions Pundi X, $ 13.8 million in tokens from the Aston X project, which develops a platform for decentralizing documents, $ 5.8 million in Dent tokens used in payments on the platform for transfer mobile data, $ 1.1 million in tokens of the well-known Tron project and smaller amounts in other tokens. This is evidenced by the data of the wallet, the address of which is associated with the attack on the Korean exchange..

How Coinrail intends to compensate for the losses of its users is unknown, however, several projects have already published their own statements. Pundi X reported that about 3% of the emission of their tokens became the extraction of cybercriminals. The team froze the stolen tokens and suspended trading on all exchanges to aid an investigation already underway by the South Korean police. The NPER project, in whose assets about $ 860,000 were stolen, has frozen tokens and plans to neutralize them so that a hacker cannot use them. Aston X also froze tokens, Coinrail itself reported.

Other projects have not yet commented on the situation, however, Coinrail writes on its website that two-thirds of the stolen tokens have already been frozen, and is awaiting action from other teams. The exchange suspended trading and announced that it has moved the remaining tokens, which make up 70% of its assets, to cold storage for the duration of the security audit and incident investigation..

Korean exchange Coinrail has lost over ...

Analysts at Carbon Black previously estimated the losses of cryptocurrency users from various hacks since the beginning of the year at $ 1.1 billion.Bitcoin, meanwhile, resumed its decline and fell to $ 6,800, thus returning to the indicator of early April, and the segment’s capitalization fell below $ 300 billion.

Korean exchange Coinrail has lost over ...
Korean exchange Coinrail has lost over ...

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