Korean Cryptocurrency Exchange Coinrail Gets Hacked

Korean Cryptocurrency Exchange Coinrail Gets Hacked coinrail Korean Cryptocurrency Exchange Coinrail Gets Hacked coinrail 696x449

South Korean cryptocurrency exchange Coinrail reported on Sunday that its platform was hacked with theft of NPXS token from the Pundi X project, ATC from Aston, NPER project’s token NPER and a host of other Ethereum-based virtual tokens at the event.

In a statement on its website, Coinrail said that there is a system check because of a cyber intrusion in their system. It confirmed that 70% of the coin rail total coin / token reserves have been confirmed to be safely stored and moved to a cold wallet and are in storage.  Furthermore, the two-thirds of the coins confirmed that have been leaked are being recovered by freezing / recalling through consultation with each coach and related exchanges. 

In the statement from the exchange, it also said that it is fully cooperating with a police investigation into the hacking and that trading has been suspended until further notice.  

A blog post published by Pundi X on Sunday suggested that the alleged hacker may have stolen 1,927 ETH, 2.6 billion NPXS, 93 million ATX, 831 million DENT coins as well as six other alt-coins also in significant amounts.

The assets worth has dropped from $40 million to $30 million post hack, according to data from CoinMarketCap.

Data from Etherscan.io shows the alleged hacker might have tried to sell some 26 million NPXS tokens at IDEX, a decentralized ethereum asset exchange, right after it received 2.6 billion of the same from another address. Both the addresses have been now flagged as Fake_Phishing1431 and Fake_Phishing1432. 

Furthermore, Coinrail and Pundi X claimed that IDEX has frozen the assets sent from Fake_Phishing1432 upon investigation, as such the NPXS tokens are not liquidated.

The hacking attack on Coinrail comes after Japan’s cryptocurrency exchange Coincheck was hacked earlier this year in a high-profile theft of its digital currency.

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