said Monday that Coincheck would be asked to improve its business practices following the hack. Financial authorities are supervising the company's response to the theft, he said. Related: What is bitcoin? Bithumb acted quickly, kelly said as soon as the news was reported the exchange took action.
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"Whenever there's an exchange hack, people get scared and the price drops Lee said on ". Regulators are investigating potential price manipulation at four major cryptocurrency exchanges: Bitstamp, Coinbase, itBit and Kraken. The price of NEM plunged almost 20 after the theft came to light over the weekend, but it has since recovered those losses. Ethereum dropped more than 11 percent to near 533, according to CoinDesk. DAAs AppChoices app here. Bitcoin, the largest digital coin by market cap, fell from 6,718.35 to 6,561.79 Wednesday after news that the. That situation has created difficult questions for national governments on how to regulate the industry.
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