Bitcoin is experiencing a new bout of weakness following an umpteenth episode of piracy of a cryptocurrency trading platform.
New panic wave on crypto-currencies. Valued at just over $ 7,650 on Friday night, the price of bitcoin fell 12% in the weekend, losing up to $ 1,000. The most famous digital currency moved Monday at around $ 6,700 after a low at $ 6,634 Sunday.
Bitcoin has lost about half of its value since the beginning of the year and its price has even been divided by three since the record of $ 20,000 on December 17th. Among the other major currencies, the ethereum lost 11% in two days and ripples more than 20%.
In the case, the piracy of the small cryptocurrency exchange platform South Korea Coinrail, victim of a "cyber-intrusion", causing the loss of about 30% of the cryptocurrency exchanged on the platform. form. The amount misappropriated on Coinrail by cybercriminals has not been disclosed, but it would exceed $ 40 million.
THE DIRECT
Bitcoin falls below $ 7000 after a new "robbery"
11/06/2018 at 17:45
Bitcoin shaken by a new cyberattack.
Bitcoin is experiencing a new bout of weakness following an umpteenth episode of piracy of a cryptocurrency trading platform.
We visited the lair of a cryptocurrency miner
We visited a cryptocurrency miner to discover his impressive installation.
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New panic wave on crypto-currencies. Valued at just over $ 7,650 on Friday night, the price of bitcoin fell 12% in the weekend, losing up to $ 1,000. The most famous digital currency moved Monday at around $ 6,700 after a low at $ 6,634 Sunday.
Bitcoin has lost about half of its value since the beginning of the year and its price has even been divided by three since the record of $ 20,000 on December 17th. Among the other major currencies, the ethereum lost 11% in two days and ripples more than 20%.
In the case, the piracy of the small cryptocurrency exchange platform South Korea Coinrail, victim of a "cyber-intrusion", causing the loss of about 30% of the cryptocurrency exchanged on the platform. form. The amount misappropriated on Coinrail by cybercriminals has not been disclosed, but it would exceed $ 40 million.
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A long list of "robberies"
Coinrail, which has put its site in maintenance, while waiting for solutions to be found to its security vulnerabilities, is however only a dwarf of the sector, ranking only at the 98th world level of cryptocurrency platforms .
But the impact in terms of confidence is no less high, especially since this piracy is added to a long list of precedents. We remember for example that the NiceHash bitcoin mining platform was stolen 4,700 bitcoins last December, the equivalent of nearly $ 80 million at the time.
Even more strikingly, in January, the Japan-based Coincheck exchange platform suffered the largest such robbery in history, worth just over $ 530 million (about $ 430 million). euros).
THE DIRECT
Bitcoin falls below $ 7000 after a new "robbery"
11/06/2018 at 17:45
Bitcoin shaken by a new cyberattack.
Bitcoin is experiencing a new bout of weakness following an umpteenth episode of piracy of a cryptocurrency trading platform.
We visited the lair of a cryptocurrency miner
We visited a cryptocurrency miner to discover his impressive installation.
Play
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8:40
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New panic wave on crypto-currencies. Valued at just over $ 7,650 on Friday night, the price of bitcoin fell 12% in the weekend, losing up to $ 1,000. The most famous digital currency moved Monday at around $ 6,700 after a low at $ 6,634 Sunday.
Bitcoin has lost about half of its value since the beginning of the year and its price has even been divided by three since the record of $ 20,000 on December 17th. Among the other major currencies, the ethereum lost 11% in two days and ripples more than 20%.
In the case, the piracy of the small cryptocurrency exchange platform South Korea Coinrail, victim of a "cyber-intrusion", causing the loss of about 30% of the cryptocurrency exchanged on the platform. form. The amount misappropriated on Coinrail by cybercriminals has not been disclosed, but it would exceed $ 40 million.
Selected for you
The Stock Exchange Club: Emmanuel Soupre, Frédéric Andrès, Stéphane Déo e ...
A long list of "robberies"
Coinrail, which has put its site in maintenance, while waiting for solutions to be found to its security vulnerabilities, is however only a dwarf of the sector, ranking only at the 98th world level of cryptocurrency platforms .
But the impact in terms of confidence is no less high, especially since this piracy is added to a long list of precedents. We remember for example that the NiceHash bitcoin mining platform was stolen 4,700 bitcoins last December, the equivalent of nearly $ 80 million at the time.
Even more strikingly, in January, the Japan-based Coincheck exchange platform suffered the largest such robbery in history, worth just over $ 530 million (about $ 430 million). euros).
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More than $ 1.4 billion hacked
Two weeks later, it was the turn of the Italian exchange platform Bitgrail to suddenly lose the funds of its users.
If we go further back in time, the 2014 collapse of Mt. Gox, as a result of piracy, caused an earthquake, MT, at the time. Gox has been for a while the most important bitcoin exchange platform in volume.
Since 2014, trading platform hackers have cost investors at least $ 1.4 billion, according to an assessment by the Wall Street Journal. Obviously recurring, is the security problem bound to repeat itself indefinitely?
The security of the blockchain not questioned
"We must distinguish two things: it is not the bitcoin network as such, it is not the famous system of the blockchain that has been hacked, they are platforms of exchange," says Jean Philippe Rennard, professor at the Grenoble School of Management, expert in the fields of darknet, blockchain and bitcoin.
"We are not dealing with people who made counterfeit money, but people who have entered the bank and managed to open the safe, we have not questioned the security of bitcoin as than such, "he says.
In addition, "any serious user of cryptocurrencies knows that it is much safer to store them in a paper wallet at home or as a file on your computer rather than depositing them on a computer platform. "exchange", recalls Jean Philippe Rennard.
