image: Reuters

Cryptos bounce after being sent lower by another exchange hack

Security issues continue to dog the cryptocurrency industry after yet another hack of a prominent South Korean exchange.

Bithumb, the sixth largest cryptocurrency in the world according to data from CoinMarketCap, said Wednesday that “some cryptocurrencies worth about 35 billion won [$31 million USD] were seized between late yesterday and early morning today.”

The hack marks the second of its kind inside two weeks after Coinrail said it had $40 million worth of altcoins stolen on June 11 and underlines concerns outsiders have with the digital currency market.

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