EOS blockchain launched as cryptos crash after a Korean crypto exchange Conrail has been hacked, causing most cryptos to fall around 10% today.

The timing of the EOS Blockchain launch could nt have been worse, as another exchange being hacked sapped confidence and caused cryptos to fall back.

.

.

EOS blockchain launched as cryptos crash after a Korean crypto exchange Conrail has been hacked, causing most cryptos to fall around 10% today.

.

The timing of the EOS Blockchain launch could not have been worse, as another exchange being hacked sapped confidence and caused cryptos to fall back.

.

South Korean crypto exchange Coinrail has reported a hacking incident that leads to a theft of over 2.6 billion Pundi X (NPXS) and a host of other Ethereum-based virtual tokens. This hack was not taken very well by crypto traders which has led a sell-off making crypto markets loose nearly 20 billion dollars in just a few hours.

.

EOS, which commentators expect to compete directly with Ethereum (ETH) as a protocol for building decentralised applications , also received a new boost of funding last week. Sadly the shine has been taken off their ICO with this news,

.

The same day Block.one released EOSIO 1.0 to the public, the company announced the launch a $50 million fund to support the development of the EOSIO “ecosystem”, in partnership with London-based blockchain investor, SVK Crypto.

.

On June 1, Cointelegraph reported that EOS had completed its year-long token sale, raising a record-breaking $4 billion,  to become the largest Initial Coin Offering (ICO) in history.

.