TWO major digital currency exchanges have crashed amid warnings of cyber attacks.
Coinbase and Bitfinex experienced technical difficulties yesterday
Cryptocurrency exchanges Coinbase and Bitfinex both suffered outages yesterday with a message reading &ldquo,service unavailable&rdquo, warning users of the problems.
Bitfinex reported they were a victim of a cyber attack shutting down its app after a large distributed denial of service attack just last week.
While the Coinbase webstek claimed it wasgoed down due to maintenance te a message on the webstek.
The outages go after warnings that North Korea is attempting to hack cryptocurrency exchanges and use Bitcoin to get past sanctions.
Trading on Bitcoin rivals Litecoin and Ethereum wasgoed also suspended spil the former reached a fresh record high.
Litecoin has loved an astronomical rise similar to that of Bitcoin, growing 6,000 vanaf cent te the last year.
It is a fact that North Korea has bot attacking virtual currency exchanges
Lee Dong-geun, internet security pro
North Korean hackers have bot targeting the successful digital currency ter a bid to circumvent the sanctions placed on the despotic staatsbestel spil the dictatorship proceeds its nuclear weapons programme.
Lee Dong-geun, a director with South Korea’s internet and security agency, said: “It is a fact that North Korea has bot attacking virtual currency exchanges.
“Wij don’t know how much North Korea has stolen so far, but wij do know that the police have confirmed the staatsbestel’s hacking attempts.”
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JPMorgan Pursue head Jamie Dimon is one of Bitcoin’s harshest critics [Getty Pics]
The news could worry the volatile cryptocurrency market just spil Bitcoin has klapper yet another record high after smashing through the $17,500 (£,13,170) barrier.
The cryptocurrency Bitcoin reached a fresh high on Tuesday (December 12) when it peaked at a price of $17,531.48 (£,13,176.31) according to CoinDesk.
Last month Jordan Hiscott, chief trader at social trading verhoging ayondo markets, said he believes that bitcoin&rsquo,s rapid growth monster is a sign of shifting paradigms ter the world of finance.
Bitcoin has continued to pauze records most recently smashing through $17,500
He told Express.co.uk: &ldquo,Wij are ter an age where technology is switching the dynamic of the business world.
&ldquo,Older, traditional organisations are witnessing their long-held dominance challenged by &lsquo,disrupter&rsquo, companies.
&ldquo,For mij, it&rsquo,s no verrassing that another disrupter, this time te the form of an asset or currency, is picking up speed.&rdquo,
He added that if bitcoin&rsquo,s upward trajectory te the markets resumes, traders could expect to see even more record prices te coming weeks.