Coincheck, Japan cryptocurrency exchange lost $400 million after hackers attack
Do Son Coincheck, one of Japan’s largest cryptocurrencies, has just suffered a serious hacking incident and caused as much as $400 million in damages to users. Bloomberg reported that the company provided users with NEM access services, but 500 million NEM coins were illegally transferred during the incident. Currently, Coincheck has suspended most transactions and withdrawals in an effort to trace the final location of the lost cryptocurrency.
コインチェック会見場での説明。「不正送金は５８０億円と発表。補償に関しては現在検討中。お客様にできる限りご迷惑をかけないように対応していきたい」
— 日経ヴェリタス (@nikkei_veritas) January 26, 2018
NEM is a digital currency similar to Bitcoins, Ethereum, Litecoin, etc., which is currently eighth in value terms.
TechCrunch describes the currency as a “distributed ledger platform primarily aimed at enabling payments and other financial services.”
The black Coincheck is reminiscent of the 2014 Mt Gox stolen incident of the same magnitude. At that time the platform was stolen worth about 400 million US dollars in bitcoin, and directly led to the Japanese encrypted currency exchange submitted a bankruptcy petition.
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