Coinrail trading exchange hacked- Any future hope for crypto market?

South Korean exchange recently revealed that crypto exchange Coinrail was hacked and it happened just at the same time Bitcoin had a sudden fall in its price by as much as 10 percent, becoming its lowest in two months,
According to Google translate, crypto exchange Coinrail revealed in a tweet during the weekend that it was hacked, in its tweet, it was said that cryptocurrencies such as Pundi X which has not yet gained popularity were among those affected by the hack. The Pundi X-bitcoin pair is the most-traded on Coinrail.

According to a statement by CoinDesk, despite that Coinrail's public did not mention Bitcoin as one of the victims of the hack, it was the same period Bitcoin also hit a low of $6,647.33, this is its lowest since April 9, and it coincided with a broader crypto sell-off. The largest cryptocurrency by market capitalization remains about 50 percent lower for the year so far.

According to CoinDesk, Bitcoin was not the only major cryptocurrency that fell, the likes of Etheru fell by 14 percent to near $514, while litecoin fell more than 11 percent to around $104.
The declines followed a report on Friday from The Wall Street Journal, citing sources, that U.S. regulators are investigating potential price manipulation at four major cryptocurrency exchanges: Bitstamp, Coinbase, itBit and Kraken.

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