Published on June 13th, 2018 | by bitcoin0
Skeptical Deals at Korean Exchange Coinrail Month Before Hack
Following the announcement by South Korean crypto exchange Coinrail that it has been hacked, a local publication reported that some banks had identified suspicious transactions at the exchange and stopped providing services to company months before the incident.
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Suspicious Transactions Detected
South Korea’s seventh-largest cryptocurrency exchange, Coinrail, announced that it was hacked on Sunday, June 10, with the thieves targeting several altcoins.
Other coins allegedly stolen include ATX, NPER, and DENT, the exchange wrote on its website.
On Monday, Chosun reported that, back in February, some local banks detected money-laundering activities at Coinrail.
The publication quoted a bank official revealing:
Several banks that traded with Coinrail found suspicious money-laundering transactions in Coinrail in February, and some banks took steps to stop their fund deposits in April.