Bitcoin’s (BTC) value slumped more than 10 percent over the weekend after a South Korean exchange said it was hacked, CNBC reports.
The exchange, Coinrail, tweeted over the weekend that it had been a victim of hackers and said lesser-known cryptocurrencies such as Pundi X were among those affected. The most-traded crypto pair on Coinrail is Pundi X-bitcoin, CNBC said, citing CoinMarketCap data. The exchange’s public statements did not mention bitcoin, however.
Bitcoin hit a low of $6,647.33 on Sunday, its lowest price since April 9. Other cryptocurrencies sold off over the weekend as well. Read more here.