Bitcoin’s value has slipped once again, following the theft of more than $30 million worth of digital tokens from a cryptocurrency exchange.
Hackers managed to steal 35 billion won ($31.5 million) from South Korean exchange Bithumb this week, Reuters reports.
Read more: What is Bitcoin?
The company has reacted by moving all of its users’ assets to “cold storage”, and placing a temporary block on all withdrawals and deposits.
It isn’t yet clear who was behind the heist, but Bithumb has assured affected customers that they will be refunded.
*All deposit and withdrawal service will be stopped to make sure the security. We will keep notice you of the restart of the service. We apologize for your inconvenience and thanks for your understanding.
— Bithumb (@BithumbOfficial) June 20, 2018
Unsurprisingly, the value of Bitcoin has now fallen.
After passing the $6820 mark yesterday afternoon, it dropped down to below $6570 in the early hours of this morning, according to Coinbase. The cryptocurrency was worth $6622 at the time of publication.
Its value slumped to a seven-month low earlier this month, following news of a hack attack on Coinrail, another South Korean cryptocurrency exchange.
2018 hasn’t been a particularly good year for Bitcoin holders, with its value having fallen from more than $13,400 at the beginning of January. Just two weeks before that, it had been worth more than $19,200.
According to Coinmarketcap, 88 of the top 100 digital currencies by market capitalisation have declined in value over the past 24 hours.
Are you a Bitcoin holder? How disappointing has 2018 been, following the highs of last year? Share your experiences with us @TrustedReviews.
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Editorial independence means being able to give an unbiased verdict about a product or company, with the avoidance of conflicts of interest. To ensure this is possible, every member of the editorial staff follows a clear code of conduct.
Professional conduct
We also expect our journalists to follow clear ethical standards in their work. Our staff members must strive for honesty and accuracy in everything they do. We follow the IPSO Editors’ code of practice to underpin these standards.
