Another Cryptocurrency Exchange Hit - Coincheck Confirms Theft Bigger Than Mt Gox

27 January, 2018, 20:28 | Author: Sheri Evans
  • A man walks past a poster that informs customers that bitcoin can be used in this shop in Tokyo. Bitcoin is recognised as legal tender in the world's third-biggest economy. prices of Cryptocurrencies slumped on Friday after one of Japan’s biggest Bitcoi

Tokyo-based Coincheck announced in a series of notices on its website that it had halted deposits, withdrawals, buying and selling of the digital currency NEM.

The company subsequently suspended withdrawals in all forms of digital currency as well as in yen.

NEM, or New Economy Movement, launched on March 31, 2015 with the currency symbol XEM. NEM, the tenth largest cryptocurrency based on total coin market cap, is a distributed ledger platform primarily aimed at enabling payments and other financial services.

Officials say they are looking into what happened, and do not yet know when trading will resume.

Michigan State University president's resignation welcomed by lawmakers
Matt Busch, a 22-year-old accounting senior from Plymouth, agreed that Simon was a good president and said he's sad to see her go. When asked, Simon said that she was told that an investigation has been started, against a specialist sports medicine doctor.

"We're still examining how many of our customers are affected", he said, adding that the exchange was trying to find out whether the breach was from Japan or another country.

The ultimate cost of the attack will be tied to the trading value of NEM.

The exchange has said it's considering compensating clients.

Otsuka said Coincheck is considering compensating clients if it can not recover the tokens but declined to say whether Coincheck had enough cash to do so.

Arsenal hope Mkhitaryan, Aubameyang transfers will convince Özil to stay
The deal would break Arsenal's record transfer fee, which is now the £45m they paid to Lyon for striker Alexandre Lacazette in the summer.

"I heard security measures were in place through segregated management of customers' assets", the man said. For those unfamiliar, hot wallets and cold wallets are some of the ways that cryptocurrency is stored, in which the latter will see funds kept offline due to security reasons and to prevent hackers from accessing them.

The exchange is now investigating how many customers were impacted by the hack, and has said it is considering possible responses, including compensation for those whose NEM was taken. Enough to gain an understanding, not enough to change a life. "I thought I might be able to get some information", said a 27-year-old man from Nerima Ward who requested anonymity.

Coincheck has alerted Tokyo police to the theft. Japan required cryptocurrency exchanges to be licensed after the collapse of Mt. Gox in 2014.

Over the next hour, all cryptocurrency trading was restricted with the exception of bitcoin. "I think that the fact that the crypto markets are sort of being resilient in the face of the potentially biggest hack on one of the crypto exchanges is pretty interesting".

Angelique Kerber vs. Simona Halep 2018 Australian Open Pick, Odds, Prediction
Angelique Kerber waltzed into the semifinals of the Australian Open after crushing American Madison Keys . The 21 seed will play the victor of the match between No. 1 Simona Halep No. 6 Karolina Pliskova .

Recommended:

  • Federal Bureau of Investigation  agent fatally shoots kidnapping victim during raid

    Federal Bureau of Investigation agent fatally shoots kidnapping victim during raid

    According to sources, Federal Bureau of Investigation agents mistakenly or accidentally shot the victim. Smith stressed there was no indication any of the suspected kidnappers actually had cartel connections.
    Oceanic plastic trash conveys disease to coral reefs

    Oceanic plastic trash conveys disease to coral reefs

    Coral reefs are under assault by a growing threat: tons of floating plastic dumped into oceans by humans. A 2017 study found that 83% of tap water samples taken around the world contained plastic pollutants.
    Dollar falls further as Mnuchin defends weak buck comments

    Dollar falls further as Mnuchin defends weak buck comments

    Meanwhile, the USA dollar traded at 0.8043 euro , down 0.0063 euro; gold was up US$13.72 to US$1,363.43 per ounce as at 1.03pm. The loonie jumped almost three-quarters of a cent Wednesday, punching above the 81-cent mark, following comments by the U.S.
  • IPL auction: Joe Root goes unsold in his first season

    IPL auction: Joe Root goes unsold in his first season

    As many as 21 players have ended up being unsold, including the likes of Murali Vijay , James Faulkner , Chris Gayle among others. As part of the nomination process, each player must elect a base price, which is effectively a minimum starting bid.
    Trump Blames Samsung for FBI Agents' 50000 Missing Text Messages

    Trump Blames Samsung for FBI Agents' 50000 Missing Text Messages

    The DOJ has turned over hundreds of pages of text messages totaling more than 50,000 text messages between Strzok and Page. The missing messages have caused problems for the Department of Justice Office of Inspector General.
    Candice Bergen to play Murphy Brown again on TV

    Candice Bergen to play Murphy Brown again on TV

    CBS announced on Wednesday that Murphy Brown , its 1988-98 TV newsroom sitcom, was making its return to prime time. The multi-camera half-hour comedy earned 62 Emmy nominations during its initial 10 year run on CBS.
  • SARAH SMACKDOWN: Huckabee Sanders UNLOADS on FBI's MISSING TEXTS

    SARAH SMACKDOWN: Huckabee Sanders UNLOADS on FBI's MISSING TEXTS

    The failure to reach an immigration deal earlier this month was the driving force behind the recent, brief federal government shutdown.
    Jimmy Kimmel and Warren Beatty spoof 'Envelopegate' in Oscars advert

    Jimmy Kimmel and Warren Beatty spoof 'Envelopegate' in Oscars advert

    Jordan Peele and Greta Gerwig for Best Director. "I hope he's seen 'Get Out '". More: The Oscars are better off without a James Franco nomination.
    Snapchat now allows sharing on other social media

    Snapchat now allows sharing on other social media

    Even more annoying is the fact that the new design forces users to tap a preview of the next person's Story before it is shown. This merger would permit users to share their stories on the applications like Twitter and Facebook .
  • Tiger Wood makes the cut at Torrey Pines

    Tiger Wood makes the cut at Torrey Pines

    Palmer finished eagle-birdie on the North Course at Torrey Pines for a five-under 67, taking him to 11-under for the tournament. I'm looking forward to playing a full schedule and getting ready for the Masters and I haven't done that in a very long time.
    Trump casts doubt on Mid-East peace talks

    Trump casts doubt on Mid-East peace talks

    Before leaving for Davos on Tuesday, Netanyahu stated that "it was a great honor to host Vice President Mike Pence in Israel ". Palestinian leader Mahmoud Abbas instead flew to Europe to meet with European Union leaders in Europe in an apparent snub.
    Senate Confirms Trump Nominee Alex Azar as Health Secretary

    Senate Confirms Trump Nominee Alex Azar as Health Secretary

    The Senate confirmed Alex Azar on Wednesday as the next Department of Health and Human Services secretary. Andy Harris, a Baltimore County Republican who represents the Eastern Shore said in a statement.


Popular

Vince McMahon's XFL to kick off in 2020, will you watch?
But there is perhaps another explanation why McMahon is willing to try again - US President Donald Trump's disdain for the NFL . With Trump's endorsement, McMahon may finally have another hit on his hands outside the confines of the wrestling ring.

SCOTUS Grants Madison Stay of Execution
Before his execution was stayed, Madison had two oranges for his last meal and did not made any statements, officials said. A law enacted in Alabama past year eliminates the ability of judges to override juries' recommendations in capital cases.

Trump able to apologise for far-right video retweets
He said he had made the retweets because he was concerned about the threat posed by radical Islamic extremists. And so you're asking me a question that I'm supposed to be talking about people that I know nothing about".

Apple Wants More Ebook Market, Hire's Amazon's Audible VP
Apple Chief Executive Officer Tim Cook previous year set a goal of doubling revenues from mobile services by 2020. Bloomberg's report describes it having a "simpler interface" that emphasizes books the user is now reading.

Kim Jong Un plays the Olympics like a champion
The women's ice hockey squad will include 12 players and one official from North Korea alongside 23 South Korean players. Meanwhile, state media in North Korea has published a rare call for unification, but the statement also makes a demand.

Elton John Farewell Tour Before Retiring
ET. "It is the last time that I will be touring and travelling the world because my priorities have changed in my life", he said . The bespectacled icon announced in a live-streamed press conference in New York City that he would be retiring from touring.

US Justice Department Threatens to Subpoena So-Called Sanctuary Cities, Many in California
Twenty-three jurisdictions received letters Wednesday, including the states of Illinois, Oregon, and California. Lois Frankel, a Democrat who represents most of Palm Beach County, called the letter "outrageous".

SpaceX conducts Falcon Heavy static fire test
At a conference in July, Musk said , "I hope it makes it far enough beyond the pad so that it does not cause pad damage". Update: In a tweet following today's test, Elon Musk said the Falcon Heavy launch could take place in about a week.

Hugh Masekela, South African Jazz Musician, Dies at 78
Masekela returned to South Africa in 1990 after Mandela was freed and the ban on the African National Congress party was lifted. In the early 1980s, he moved to Botswana to start a mobile recording studio and school for African musicians.

Myanmar readies for returning Rohingyas
The government on Wednesday unveiled to the media, including NHK, a pre-fab immigration facility near its border with Bangladesh. It was not possible to independently verify the accounts as Myanmar has heavily restricted access to the area.