Coincheck Cryptocurrency HACKED...BIGGEST Hack Ever...500 Million Dollars stolen

Hackers have stolen roughly around 58 billion yen ($532.60 million) from Tokyo-based cryptocurrency exchange Coincheck on Friday at around 3 a.m , raising questions about security and regulatory protection in the emerging market of digital assets.

NEM was the cryptocurrency launched in March 2015 by a group of five developers named Pat, Makoto, Gimre, BloodyRookie and Jaguar. Its acronym stands for New Economy Movement and, like other cryptocurrencies, markets itself as a digital coin outside the control of governments and central banks, which can be used for fast, global transactions.

NEM was launched to rectify the high concentration of the wealth that some in the cryptocurrency community believe to be the key weaknesses of the bitcoin, and the world’s most widely used and known cryptocurrency, whose early adopters have turned into multi-billionaire.

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