[2018-06-13]South Korean Crypto Exchange Hack Caused a Major Drop in the Bitcoin

[Vladdirescu87]

The price of Bitcoin, as well as other main altcoins, has decreased within an hour after small South Korean crypto exchange Coinrail revealed on Monday it had been hacked. The scammers allegedly stole up to $40 million in virtual coins.

According to TechCrunch, the Bitcoin value has dipped more than 10% after the hack of Coinrail. Fraudsters stole some kinds of crypto coins that were lesser known on the world’s crypto market. They included NPXS, Aston X, Dent, and Tron.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/major-drop-in-bitcoin-price/

[1Referee]

Yes, that's very plausible; a $40 million trashcoin theft results in the overall market to lose +$40 billion in value. 

Just wait for when Chuck Norris starts farting on this market, crypto's total market cap will be reduced to dust.

[qianqi]

I also think that the current market decline has a very big relationship with this hacking attack, and now the market is falling very fast!

[InvoKing]

-snip-

Can't you people just make a quick search in the last 2 pages at least to find out whether your topic is a duplicated one or not? I am tired from reporting for real... https://bitcointalk.org/index.php?topic=4452291.0
Lock your topic please.

Edit : pretty sure no one of the user who posted after me read my post. You guys are just bunch of spammers...

[Krishniche]

We really have to take initiatives to cur such people and their activities from the crypto ecosystem. Cos their actions lead to loss in terms of money and affects the sentiments of traders. It repels the new traders from the market.

[darkangel11]

I also think that the current market decline has a very big relationship with this hacking attack, and now the market is falling very fast!

Then you haven't done any research. That exchange wasn't even trading BTC for fiat. It's a very small altcoin exchange, that's why not many people even heard about it.
How could a small altcoin exchange with no fiat pairs cause a sell off on BTC/USD pair? The fact that it was hacked is a coincidence, nothing more.