Cryptocurrency 58bn lost hacking japan exchange
You're referring to the recent hacking incident at Japanese cryptocurrency exchange, Coincheck.
On January 26, 2018, Coincheck, a Japanese cryptocurrency exchange, announced that it had been hacked, resulting in the theft of approximately 58 billion yen (around $530 million USD) worth of NEM cryptocurrency. This is one of the largest cryptocurrency hacks in history.
Here are some key details about the hack:
- Type of hack: The hack was a type of "hot wallet" hack, where the attackers gained access to Coincheck's online wallet and transferred the stolen NEM coins to an unknown address.
- Amount stolen: The hackers stole approximately 58 billion yen (around $530 million USD) worth of NEM coins, which is roughly 523 million NEM coins.
- NEM coins affected: The stolen coins were all NEM (XEM) coins, which are a type of cryptocurrency.
- Coincheck's response: Coincheck immediately suspended all trading and withdrawals on its platform and notified the Japanese Financial Services Agency (FSA) of the incident.
- Investigation: The FSA launched an investigation into the hack, and Coincheck has also hired a third-party auditor to conduct an independent investigation.
- Recovery efforts: Coincheck has announced plans to recover the stolen funds by using its own funds and seeking assistance from other cryptocurrency exchanges and financial institutions.
This hack highlights the importance of security measures in the cryptocurrency space and the need for exchanges to prioritize the safety of their users' assets.