LONDON | Bitcoin hits 4-month low after currency exchange theft

13Jun - by Editor - 0 - In STL.News



LONDON (AP) — The price of bitcoin fell to a four-month low of $6,370 on Wednesday, days after South Korean virtual currency exchange Coinrail said hackers had stolen over $37 million, or almost a third of the virtual currency it had stored.

After Coinrail announced the theft, the price of bitcoin dropped $500 in an hour and it has continued to slide.

The decline also follows a Wall Street Journal report that U.S.

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