The news of another hacked South Korean crypto exchange, widely blamed for the drops across the markets, is the main story in today’s edition of Bitcoin in Brief. Other subjects covered include a hospital where you can pay with tokens and a “blockchain” based cultural center established by a gangster.
Also Read: Women’s Interest in Crypto Trading Has Doubled, UK Exchange Reveals
$40 Million Coinrail Hack
Coinrail, a lesser known Korean trading venue, has reportedly been the victim of a hack – costing the clients of the exchange over $40 million worth of ICO tokens. The hacker stole $19.5 million in NPXS (Pundi X’s ICO tokens), $13.8 million of Aston X, $5.8 million in tokens of Dent, over $1.1 million of Tron, and at least five other tokens, all just from exchange users not the projects themselves. In response to the event, Coinrail has announced it suspended trading and moved the remaining 70% of its client assets to cold storage, as well as notified the police. While the figures involved are much smaller than past events, many link this incident to the markets bleeding red over the weekend.
Doctor Satoshi Will See You Now
In much more positive news from South Korea, a hospital in the country’s capital is now accepting tokens as payment. KMP Health Care Seoul, which offers outpatient treatment, health check-ups, stem cell treatments and cosmetic surgeries for locals and foreigners, has begun accepting cryptocurrency according to Business Korea.
“With the aim of introducing medical services to patients of various classes and overseas patients by utilizing the latest blockchain technology, KMP Health Care Seoul has built a system to take LCGCs (Life Care Global Coins issued by GCM) instead of cash,”
