Litigation Opportunities follow Cryptocurrency Market Vulnerabilities

The Coinrail cryptocurrency exchange based in South Korea fell victim to a “cyber intrusion” causing a 10 percent decrease in bitcoin price, and similar losses across other digital currencies around the globe. Approximately 30 percent of the coins traded on that exchange were “lost” following the attack, valued at approximately $40 million, of which two-thirds were promptly “withdrawn or frozen in partnership with related exchanges and coin companies.” As for the other third, the exchange is reportedly analyzing the server access history, which was…
Continue reading...