Coincheck Loses $500 Million in Biggest Cryptocoin Hack Ever

Bitcoin Cryptocurrency Is Booming

Some 58 billion yen ($533 million) in cryptocurrency has disappeared from a Japanese exchange due to hacking, local media reported Saturday.

His statements come after Tokyo-based crypto exchange Coincheck confirmed it loss more than $500 million worth of NEM tokens.

At a Friday night news conference, Coincheck President Koichiro Wada bowed and apologized.

Evacuations begin as rain causes Paris' Seine River to overflow
The downpour has forced evacuations from homes elsewhere on the Seine after it and other French rivers burst their banks. In 1910, severe flooding left the city completely submerged for two months after the river rose to 8.62 metres (28ft).

Coincheck stopped trading, withdrawal, and deposits of XEM, NEM's cryptocurrency, at 04:00 UTC this morning.

Coincheck is preparing to file a claim with the Financial Services Agency and the Tokyo Metropolitan Police while conducting an investigation into the cause of the hack and where the virtual currency went.

Back in 2014, Mt.Gox, at the time by far the largest Bitcoin exchange also suffered one of the biggest heists ever, losing over $400 million worth of Bitcoins. Shortly after it discovered the theft, the exchange suspended trading of NEM, the stolen crypto in question, then of the other dozen coins it lists.

Netanyahu: No One but US Can Broker Israeli-Palestinian Peace Deal
They also declared a new USA -led peace push dead, saying Washington can no longer be trusted as an honest broker. Trump said Thursday of the aid that goes to the Palestinians: "That money is on the table".

At the time that the theft was detected, the 58 billion yen worth of funds reportedly taken were worth a little over $500 million, and would have represented around five or six percent of the almost 9 billion NEM tokens in existence. What started on Friday as a freeze of NEM deposits quickly spread to other altcoins and withdrawals. Hackers reportedly stole NEM tokens, which is a recently launched digital currency that has already reportedly been ranked the 10 digital currency in the world. "We are tracking the funds that have been taken", McDonald said while remaining vague on their prospects for recovering the stolen tokens. They were very relaxed with their security measures. Coincheck said that around 523 million of the trade's NEM coins were sent to another record around 3 a.m. nearby time (1 p.m. Thursday), as indicated by a Google interpret of a Japanese transcript of the Friday public interview from Logmi.

As news of the hack broke, anxious Coincheck users braved the frigid weather to gather at Coincheck's headquarters in Shibuya district to get more information. This was followed by a similar suspension of trading for all cryptocurrencies, except bitcoin.

Falcon Heavy completes static test fire - SpaceX closer to launch
SpaceX does not have a test stand at its Central Texas development site to support such a high-thrust firing. The SpaceX CEO said: "The payload will be my midnight cherry Tesla Roadster playing Space Oddity".

Related news:

Hot News

isis-killer-beheading-video-story-top Kidnapping victim killed in Federal Bureau of Investigation raid
Jan 27, 2018 - 20:28
The victim was abducted from his home Wednesday in Conroe, Texas, a suburb 40 miles (64 km) north of Houston , the paper reported. After he was arrested, Cunningham told authorities that Valladares was being held at Heath's house, according to court records.

isis-killer-beheading-video-story-top 11 billion pieces of plastic bring disease threat to coral reefs
Jan 27, 2018 - 20:26
But Lamb found a different environment in Southeast Asia, home to some of the world's most diverse and handsome coral reefs. The scholar argued that this indicator is equivalent to 15.7 billion in all coral reefs of Asia Pacific by 2025.

isis-killer-beheading-video-story-top Turkey's president Erdogan says campaign against Kurds in Syria will continue
Jan 27, 2018 - 20:26
I would describe the minutes of President Trump's telephone conversation with President Erdogan as very strict. Turkish President Recep Tayyip Erdogan said the Afrin operation would be followed by another against Manbij.

isis-killer-beheading-video-story-top 9 numbers to know about Tiger's second round at the Farmers
Jan 27, 2018 - 20:25
Equally important was a par save on No. 6, where his flop-shot wedge from deep rough stopped four feet from the cup. The importance was not lost on Woods, who has missed just 17 cuts worldwide - 16 on the PGA Tour - in his career.

isis-killer-beheading-video-story-top Could WWE chairman Vince McMahon's XFL rival the NFL?
Jan 27, 2018 - 20:25
McMahon said the XFL did not want players with a criminal record and even a DUI would exclude an athlete from a contract. In his announcement about reviving the XFL, McMahon said he would not allow lawbreakers to participate in the league.

isis-killer-beheading-video-story-top Manhunt after deputy shot dead north of Denver
Jan 26, 2018 - 02:53
The sheriff's office says it is praying for the wife and family of the fallen deputy and asks that you keep them in their prayers. The vehicle was returned to the registered owner, and the two women with warrants were booked into the Adams County Jail.

isis-killer-beheading-video-story-top This Mummified Woman Now Has A Name - And A Famous Relative
Jan 26, 2018 - 02:50
The material was compared with that of living members of a prominent Basel family known to have ancestors buried at the church. The results were clear, showing a 99.8% probability that the descendants and the mummy were all from the same maternal line.

isis-killer-beheading-video-story-top Sessions Threatens to Subpoena 23 Sanctuary Cities
Jan 26, 2018 - 02:47
Sessions said in a statement that he is urging all jurisdictions to reconsider their sanctuary policies for the sake of safety. A number of Democratic mayors who were in Washington , D.C., for a meeting of the U.S.

isis-killer-beheading-video-story-top Alexis Sanchez Completes Man Utd Move With Henrikh Mkhitaryan Joining Arsenal
Jan 26, 2018 - 02:45
The chance to play in this historic stadium and to work with Jose Mourinho was something I could not turn down. Henrikh Mkhitaryan has been tipped to play a key role in 2017/18, beginning tonight in Macedonia.

isis-killer-beheading-video-story-top Burger King Whopper-splains net neutrality's repeal in new ad
Jan 25, 2018 - 02:44
A "slow MBPS Whopper" cost $4.99, a "fast" one cost $12.99, and a "hyperfast" one cost a whopping $25.99. Or, as one of the customers explains afterward, "The Whopper taught me about net neutrality".

isis-killer-beheading-video-story-top Lyon trim PSG's Ligue 1 lead with 2-1 win
Jan 25, 2018 - 02:43
Former Manchester United winger Memphis Depay came off the bench to score a sublime 94th minute victor for the hosts. DEPAY scored a stunning injury-time victor for Lyon to close the gap on Ligue 1 leaders Paris Saint-Germain.

isis-killer-beheading-video-story-top Pence Dismisses 'Baseless' Allegation That Trump Had Affair With Porn Star
Jan 25, 2018 - 02:40
She had two performances over the weekend at the Trophy Club strip club in the outskirts of Greenville, South Carolina. The Justice Department and the White House did not immediately respond to request for comment.

isis-killer-beheading-video-story-top "Murphy Brown" returning to CBS with 13-episode run starring Candice Bergen
Jan 25, 2018 - 02:39
NBC has already brought back Will & Grace with great results, and anticipation is strong for the revival of Roseanne on ABC. English is returning as well, serving as writer and executive producer through her Bend in the Road Productions shingle.

isis-killer-beheading-video-story-top Dortmund want Olivier Giroud as part of Aubameyang deal with Arsenal
Jan 25, 2018 - 02:38
Arsenal manager Arsene Wenger has confirmed that the two clubs are in discussions over the Gabon worldwide . Aubameyang fuelled speculation he was on his way to Arsenal yesterday by packing up his auto with boxes.

isis-killer-beheading-video-story-top Burma prepares camps but no sign of Rohingya refugees returning from Bangladesh
Jan 25, 2018 - 02:35
Many in Myanmar see Rohingya as illegal migrants from Bangladesh, although many families have lived in Myanmar for generations. Rohingya Muslims have faced horrific violence at the hands of the Myanmarese military and extremist Buddhists in Rakhine.