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Coincheck: World's biggest ever digital currency 'theft'



One of Japan's largest Digital currency exchanges says it has lost some $534m (£380m) worth of virtual assets in a hacking attack on its network.

 
Coincheck froze deposits and withdrawals for all crypto-currencies except Bitcoin as it assessed its losses in NEM, a lesser-known currency.


It may be unable to reimburse the funds lost on Friday, a representative told Japanese media.

 
If the theft is confirmed, it will be the largest involving digital currency.


Another Tokyo exchange, MtGox, collapsed in 2014 after admitting that $400m had been stolen from its network.
The stolen Coincheck assets were said to be kept in a "hot wallet" - a part of the exchange connected to the internet. That contrasts with a cold wallet, where funds are stored securely offline.


Coincheck says it has the digital address of where the assets were sent.




BBC       News.


This post first appeared on Quest Times, please read the originial post: here

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Coincheck: World's biggest ever digital currency 'theft'

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