Category Archives: NEM

Hackers stole at least $533 million in an attack against Coincheck, Japan’s largest cryptocurrency exchange, the company’s president and chief operating officer said at a press conference at the Tokyo Stock Exchange on Friday. This is the largest cryptocurrency theft of all time, eclipsing the historic 2014 heist against Mt. Gox in which the coins were valued at $450 million USD. Neither the method of attack nor the full amount lost are known publicly at this point. The amount lost was originally thought to be around $400 million USD and now further investigation is required to see if even more than $533 million USD has been stolen. Hackers stole the full value in NEM tokens, a Japanese-based coin that has one of the highest total market values among cryptocurrencies. The price of NEM has fallen by about 11 percent since Coincheck’s troubles began. Launched in 2012, Coincheck is headquartered in Tokyo and boasts over […]

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