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by 52-6F-62 3103 days ago
I've been looking into it after hearing a few thoughts this morning. I think its even more likely that:

The timing of increased volumes and the beginning of bulk selloffs times pretty closely with the announcement of a large hack in South Korea — and exchange called Youbit. They've completely shut down. South Korea is a huge market.

https://themerkle.com/youbit-hacked-again-closes-its-doors/

https://coinmarketcap.com/currencies/bitcoin/historical-data...

> The South Korean National Intelligence service believes that North Korean hackers were behind that attack, as well as a separate hacking of South Korea’s largest exchange, Bithumb, back in February. The Korean Internet and Security Agency is currently investigating Youbit’s most recent attack.

1 comments

Interesting, thanks for the info. 24 hours later, the priced has recovered 33% from the 12k low to 16k.
It was a weird little run