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Cryptocurrencies Lose Billions In Value After An Exchange Is Hacked

A hack in South Korea added to uncertainties in the virtual currency market, which saw a loss of well over $40 billion in cryptocurrencies' overall value.
Led by a drop in bitcoin's price, the value of cryptocurrencies fell by more than $40 billion over the weekend and into Monday. Here, a sign advertises a Bitcoin ATM in Toronto, Canada, last summer. Source: Chris Helgren

The hack of a cryptocurrency exchange in South Korea is being blamed for a sharp drop in bitcoin and other popular currencies, which lost billions of dollars in value. The Coinrail virtual currency exchange

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