The cryptocurrency markets saw a significant crash on Thursday, with just short of $US13 billion ($18 billion) in value wiped out over the course of just three hours, CNBC reported.
Tagged With bitcoin cash
Beginning over two weeks ago, reports have trickled in on Reddit community "r/btc" -- the de facto hub for supporters of bitcoin rival bitcoin cash (BCH) -- of accounts being compromised by a new and worrying attack vector. What may have read to sceptics as infighting between two contentious factions was confirmed today as a genuine and novel hack that allowed malicious parties to access their targets' Reddit accounts. And it seems the attackers exploited the vulnerability to steal thousands of dollars in BCH.
Coinbase, one of the world's most popular cryptocurrency apps, surprised its users by adding Bitcoin Cash to its offerings this week. But it appears that not everyone trading in the altcoin was blindsided by the move. Before the announcement, prices for Bitcoin Cash began climbing in other markets, and now a self-investigation of possible insider trading has been initiated.