Cryptoverse: Security alert! Altcoins worth US$100bil dropped in hot water


FILE PHOTO: Representations of cryptocurrencies Bitcoin, Ethereum, DogeCoin, Ripple, Litecoin are placed on PC motherboard in this illustration. REUTERS/Dado Ruvic/Illustration

IT'S a rough time to be an altcoin. Insecurity reigns.

A slew of altcoins - a catch-all for most cryptocurrencies except bitcoin and ether - have been harpooned in lawsuits filed by U.S. regulators against exchanges Binance and Coinbase last week, hammering the prices of the tokens.

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Binance , Coinbase , bitcoin , ether

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