Tokyo-based cryptocurrency exchange hacked, losing $530 million: NHK

Reuters Staff

 

A man poses inside a server room at an IT company in this June 19, 2017 illustration photo. REUTERS/Athit Perawongmetha/Illustration
 

TOKYO (Reuters) - Coincheck, a major cryptocurrency trading exchange in Tokyo, has been hacked into and has lost about 58 billion yen ($534 million) worth of virtual money, national broadcaster NHK reported on Friday.

 

Coincheck posted on its website on Friday afternoon that it had suspended withdrawals of almost all cryptocurrencies.

 

The exchange has already reported the incident to the police and to Japan’s Financial Services Agency, NHK said.

 

In 2014, Tokyo-based Mt. Gox, which once handled 80 percent of the world’s bitcoin trades, filed for bankruptcy after losing some 850,000 bitcoins - then worth around half a billion U.S. dollars - and $28 million in cash from its bank accounts.

 

 

-- © Copyright Reuters 2018-01-27

"In God we trust, rest strictly paper money"  I dont understand nor intend to ever use these virtual currencies. 

Hackers started bitcoin, what would you expect.

god dam hackers, there everywhere

47 minutes ago, phycokiller said:

god dam hackers, there everywhere

I am a nobody with nothing living in Thailand and my computer was hacked two months ago. Have some money in bank outside Thailand, not more.

How can they 'lose' anything as 'virtual' currency by definition does not exist - only their greed...

Someone check to see if North Korea paid 58 billion yen for nuclear missile improvements.

These thefts are better than robbing banks.

Another reminder to get cryto balances off exchanges and into a paper or hardware wallet.. Exchanges are the weakness, cryto technologys themselves haven't been hacked.

Sent from my [device_name] using http://Thailand Forum - Thaivisa mobile app

Bitcoin has never been hacked

Human Negligence has resulted  in losses though and will likely continue...