Losses to the Coincheck portfolios of digital currencies far outweigh the losses of the MtGox platform

The Tokyo-based digital currency trading platform, Coincheck, has confirmed that it has seen what appears to be the biggest breakthrough in technology history.

At a press conference at 23:30 JST (1430 GMT), the head of the platform, Wakata Koichi Yoshihir and Chief Operating Officer Yusuke Otsuka, estimated the losses to the platform at 58 billion yen (about 533 million) $). According to the newspaper Bloomberg, who attended the conference has stolen about 500 million coins from NEM "NEM" of the digital portfolios of Coincheck. Nikkei's tweets indicated that the stolen amount would not be known until investigations were made into the penetration. Although it is difficult to state the exact figure of the dollar losses (given the fluctuating nature of the currency and the lack of company information), data indicate that the figure has so far reached at least $ 400 million.

This has contributed to the devaluation of the Nym currency. According to data from Coinmarketcap, currency prices reached $ 0.85, above $ 1.01. It is worth mentioning that the dollar-stolen amount from Coincheck is likely to outweigh the amount stolen from the 2014 MT.gox platform (estimated at $ 340 million), although the first impact on the digital currency market is far less than the latter's, The dramatic increase in market capitalization since then. Rumors have also spread like wildfire since early Friday morning, when Coincheck stopped most of its services by surprise. The company also announced on its website at around 13:00 Japan time (04:00 UTC) that it has restricted the deposit, circulation and withdrawal of the "XEM" currency. This caused the digital currency and JPY to be broadly suspended after about half an hour of the company's announcement. In the following hour, all digital currencies were also banned, except for the Pitcairn coin. According to the latest updates, all withdrawal methods, including credit cards, have been stopped.

The executive heads of the platform announced that Coincheck is considering ways to compensate its customers' losses. It was also revealed that Coincheck had never signed up with the Japanese Financial Services Agency, but now plans to do so. President Coincheck also expressed his "deep regret" about it