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Cryptos bounce after being sent lower by another exchange hack

Cryptos bounce after being sent lower by another exchange hack

Security issues continue to dog the cryptocurrency industry after yet another hack of a prominent South Korean exchange.

Bithumb, the sixth largest cryptocurrency in the world according to data from CoinMarketCap, said Wednesday that “some cryptocurrencies worth about 35 billion won [$31 million USD] were seized between late yesterday and early morning today.”

The hack marks the second of its kind inside two weeks after Coinrail said it had $40 million worth of altcoins stolen on June 11 and underlines concerns outsiders have with the digital currency market.

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