Are we becoming so used to hacks in the cryptocurrency sphere, that we no longer panic when they happen? It might seem so, considering Bitcoin (available on Coinbase)’s price remains pretty-much unchanged despite a Zaif exchange hack last night.
Japan’s Zaif Exchange Hack
The cryptocurrency market took another hit last night when the Zaif exchange hack was announced. The heist resulted in the loss of close to 6,000 Bitcoin (available on Coinbase) (BTC). MONA coin and Bitcoin (available on Coinbase) Cash were also stolen. The entire stolen loot has an estimated worth of $60 million USD.
Cryptocurrency Prices aren’t Affected
Now you would imagine such a hack would see investors bolt for the crypto door, and Bitcoin (available on Coinbase) price, characteristically, would drop significantly. But surprisingly, investors don’t seem to be fazed by the news.
According to Coinmarketcap.com, Bitcoin (available on Coinbase) price has remained fairly unaffected; it did drop from $6,341 to $6,208, but it quickly paired these losses in the same hour, and in fact, is currently gaining 1.67% over the 24-hour period.
Source: CoinMarketCapALTCoins are also largely unaffected by the hack. Ripple (available on Binance) has been experiencing exciting gains this week, and it continues; today the coin is currently up another 17.04%. In fact, all the coins in the top ten are in the green!