Cryptocurrencies Fall as Korean Exchange Says $32 Million of Coins Stolen

Bloomberg News --------- Cryptocurrencies dropped after the second South Korean exchange in as many weeks said it was the victim of a theft, renewing fears about the security of digital-asset trading venues. Bithumb, ranked seventh in the world by traded value on Coinmarketcap.com, said on Wednesday that about 35 billion won ($32 million) worth of coins were stolen. The exchange said it will compensate victims, adding that it has halted cryptocurrency deposits and withdrawals and moved investor assets to a so-called cold wallet that’s disconnected from the Internet and less vulnerable to hacking. To learn more click on the picture below to read the article.