“Tokyo-based cryptocurrency exchange Coincheck has confirmed that it has suffered what appears to be the biggest hack in the history of the technology.

In a press conference at 23:30 JST (14:30 UST), the exchange’s president Wakata Koichi Yoshihiro and chief operating officer Yusuke Otsuka estimated its loss at 58 billion yen (approx. $533 million). According to Bloomberg, which attended the conference, 500 million NEM tokens were taken from Coincheck’s digital wallets.”

Read this story at: https://www.coindesk.com/coincheck-confirms-crypto-hack-loss-larger-than-mt-gox/

Read About Mt. Gox: https://www.coindesk.com/mt-gox-loses-340-million-bitcoin-rumoured-insolvent/

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“Relaxing Piano Music” Kevin MacLeod (incompetech.com)
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