South Korean cryptocurrency exchange CoinRail confirmed via Tweet that it had been hacked over the weekend. On Sunday, the price of Bitcoin tumbled 10% to a two-month low, to under $6,700. Media outlets including Bloomberg, the Wall Street Journal, Reuters, and the Guardian, put two and two together and came up with a loss of up to $42 million as the Bitcoin drop dragged down the value of other cryptocurrencies. The value of Bitcoin was clearly on its way down before the CoinRail hack.”]