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Japan's Financial Services Agency said in its statement that it is "looking into the facts surrounding Coincheck." Some reports suggest that NEM might not be the only currency missing. Cryptocurrency exchanges are prime targets for criminal activity right now, especially since bitcoin rose to exponential heights at the end of last year.Īfter suspending withdrawals and then halting trading, the exchange said it has also stopped deposits into NEM coins. Please follow the official Coincheck blog and our official social media accounts for updates.Ĭoincheck said it didn’t know how the 500 million tokens went missing, but it is working to ensure the safety of all assets. We sincerely apologize for the inconvenience this has caused everyone. Deposits made to your account will not be reflected in your balance, and we advise all users to refrain from making deposits until the restriction has been lifted. The exchange posted several updates today in a blog post.ĭepositing NEM on Coincheck is currently being restricted. Bloomberg, which was present during the conference, reported earlier today that NEM deposits were being suspended before the exchange stopped all NEM trading. The two announced the theft at the Tokyo Stock Exchange in a late-night press conference.
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The full amount, however, may not be known until complete investigation is carried out by Coincheck and the investigators.Ī Call With Long Odds: Has the Price of Bitcoin Bottomed for Now? Gox had seen $450 million worth of bitcoin gone missing. Hackers allegedly stole 500 million units of NEM, a newer cryptocurrency, leaving the Mt Gox (another Japanese exchange) hack of 2014 behind. In a press conference, president Wakata Koichi Yoshihiro, and chief operating officer of Coincheck, Yusuke Otsuka said that they are putting their losses at 58 billion yen (approx. Mt Gox may have been carrying the torch for suffering the biggest theft in the short history of cryptocurrency and the history of technology itself, there is already another contender. Coincheck, a Japanese cryptocurrency exchange has confirmed it has suffered what could potentially be the biggest hack in the history.