A significant drop in bitcoin value following the South Korean currency's currency exchange theft

The South Korean currency's Kuwaire Rails foreign exchange marketer said it had been attacked by hackers. This news has caused the collapse of Bitcoin's value.

The recent issue has also raised concerns about the security of the exchange of money while the global regulatory framework for the exchange of virtual currencies seems to have failed.

According to what was announced on the Kevin Rail website, the company's systems have been cyber-infiltrated, leaving about 30 percent of the coins exchanged on the exchange. Of course, their value can not be calculated, but an unknown source has said that $ 37.28 million worth of digital coins have been stolen.

Kevin Ralegh is a relatively small currency exchange facility in South Korea, however, creating significant fluctuations in the value of Bitcoin. The price of this digital currency now stands at $ 6,779 per coin, compared to $ 2,700 a day ago.

South Korea is one of the world's largest currency exchange centers. Earlier, the Uubit currency exchange broke out after being hacked twice. The Japanese currency exchange market, Quinn Chech, also reported theft of more than half a billion dollars worth of digital currency.

South Korea has 14 currency exchanges that have the original currency, which has adopted standards for better protection of users in January this year. One of the things that is mentioned in these criteria is to prevent the creation of more than one account.

Kevin Ryle says that 70 percent of the remaining virtual coin kept in the "cold wallet" electronic wallet is safe.

The South Korean Internet and Security Agency are currently investigating the issue of robbery in cooperation with the police.