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Cryptocurrency currency based in Tokyo confirmed that it has undergone what seems to be the largest hacking in the history of technology.
Press conference at 11.30 pm jst (2.30 pm ust), the chairman of the stock exchange wakata koichi yoshihiro and the manager of the operation yusuke otsuka has estimated its loss to 58 billion yen (approximately 533 million dollars). According to Bloomberg, which attended the conference, 500 million NEM tokens were taken from Coincheck's digital wallets.
Tweets by Nikkei appeared to indicate that the precise amount stolen may not be fully known until further checks have been carried out into the intrusion.
But even if the exact amount of the incident is difficult to determine (taking into account the volatile nature of cryptocurrencies and the lack of company information), The figures show that it is now $400 million or more, taken into account that the value of xem has decreased, the token of the EOD protocol, subsequent to the occurrence.
At the time of the press, the xem price was $0.85, down from a record $1.01 today, according to coinmarketcap data.
Notably, the dollar amount stolen from Coincheck is likely greater than the amount stolen from Mt. Gox in 2014 (pegged at $340 million), though the impact on the cryptocurrency market will be much smaller given the immense increases in market capitalization since.
Rumors had been circulating about the theft since early this morning when Coincheck abruptly froze most of its services.
A wider suspension of all cryptocurrency withdrawals as well as the Japanese yen was announced approximately 30 minutes later. Within the next hour, the trade of all cryptocurrencies was also restricted, with the exception of Bitcoin. The latest update indicates that other deposit methods, including credit cards, have also been stopped.
Coincheck is looking into compensating its customers, its executives also announced.
It was also revealed that Coincheck was not registered with Japan's Financial Services Agency, but now plans to do so. It was also disclosed that Coincheck was not registered with the Japanese Financial Services Agency.
The president of Coincheck stated that he "deeply regretted" the question.
The president of Coincheck said he "profoundly regretted" the question.
