CryptoWatch: The cryptocurrency market just suffered a theft worse than Mt. Gox

Bitcoin prices and the value of other cryptocurrencies dropped on Friday as Tokyo-based Coincheck Inc. revealed that as much as $530 million in digital assets had been stolen, eliciting shades of the Mt. Gox hack back in 2014.

In fact, at about half a billion dollars in digital assets absconded, the hack would represent the single largest crypto breach in bitcoin’s BTCUSD, +1.90% nine-year existence, surpassing the $450 million in bitcoins lost in the Mt. Gox breach.

The spot price of bitcoins were down 2.8% at $10,800 late Friday in New York, but had been down by more than 7% at around $10,300, according to research and news site CoinDesk.com.

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