Tokyo-based cryptocurrency exchange Coincheck has confirmed that it has suffered the biggest hack in the history of technology, at least according to current data.
At 11:30 PM Japanese time, the chairman of the exchange Wakata Koichi Yoshihiro and COO ‘su Yusuke Otsuka announced that the damage was 58 billion Yen (approximately $533 million). According to Bloomberg, who attended the conference, 500 million NEM tokens were stolen from Coincheck’s digital wallets.
Nikkei’s tweets show that the exact amount of assets lost as a result of this attack is not known, and detailed studies on this issue are ongoing.
While it’s hard to say how many dollars the total amount of stolen assets is due to the nature of cryptocurrencies and the company’s lack of information, available data shows that the lost assets are worth at least $400 million.. It is really difficult to calculate the exact value, considering the depreciation in the value of XEM, the token of the NEM protocol after the event.
According to CoinMarketCap data, at the time of writing, XEM is currently $0.85 from $1.01 during the day.
The amount of dollars stolen as a result of the hack attack on Coincheck was recorded in Mt.. More than stolen from Gox ($340 million). However, considering how much the market volume of cryptocurrencies has grown since 2014, of course, the effect of this hack attack on the market is Mt.. Gox.
Rumors of a theft began to surface this morning when Coincheck suddenly froze most of its services.
The firm said at 1 PM JST that NEM It announced that it is restricting deposits, trades, and withdrawals made through the XEM token used in its blockchain.. Trading of all other cryptocurrencies, except Bitcoin, is also restricted in the following hour. According to the latest update, other deposit methods (such as credit cards) have also been stopped.
According to the statement made by the managers, Coincheck will try not to leave customers in a disadvantaged position.
Another thing that has emerged is Coincheck’s Not registered with the Financial Services Authority in Japan but no longer plans to be. The head of Coincheck expressed his “deep regret” about this.
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