Largest Cryptocurrency Hack Ever, Over $500M Worth of Cryptocurrency Hacked
Coincheck, a Japanese cryptocurrency wallet and exchange service, confirmed in a release that over $500 million worth of digital cryptocurrency, NEM tokens has been stolen, in the world's biggest crypto hack.
As per the reports by Bloomberg, which attended the conference in Tokyo, Chuo Ward, Shingo Katsukutani, Coincheck Inc said that the coins were sent "illicitly" outside the venue. Co-founder Yusuke Otsuka said the company didn’t know how the 500 million tokens went missing, and the firm is working to ensure the safety of all client assets.
Otsuka said that they know where the coins were sent and if they continue the tracing, it may be possible to recover them.
This hack is the largest in terms of worth stolen since the digital cryptocurrency, Bitcoin was launched in 2009.
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