Bitcoin Continues Descent to $3600 as Hackers Steal 200 BTC from Electrum Wallet14

After a bounce-back last week to hit over $4,260, Bitcoin has continued having a lackluster week, dropping to $3,650. At press time, the currency was trading at $3,600 on Coinbase, Bitstamp, Kraken, and BitMEX. In the past six hours alone, the currency has lost $200 as the dismal end-of-year performance continues. The trading volume has also taken a nosedive since the week began, currently standing at $5.1 billion.

And while Bitcoin’s price is dropping, hackers’ appetite for the digital currency remains unquenched. In a string of well-orchestrated hacks in the past week, hackers have made away with over 200 bitcoins from Electrum wallets. The attacks disguised themselves as genuine wallet updates and used the opportunity to collect user information. The hackers then transferred the bitcoins to their wallets. The attack came to the attention of the Electrum wallet developers and they have since then put measures in place to protect the users.

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