Crypto mania rages with bankruptcy, stock halt


NEW YORK: The wave of cryptocurrency news turned into a tsunami this week.

Before traders broke for lunch in New York Tuesday, a Korean crypto exchange went bust after getting hacked; a stock unheard of 24 hours earlier surged even after its CEO gave a rambling defense of its business.

U.S. regulators halted a coin trader’s stock on suspicion of manipulation; alt coins from ether to iota reached new highs; an app maker tripled after buying a bitcoin ATM patent; and Litecoin’s originator said he’s sold out.

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