Japan loss around half billion dollar in hack of CryptoCurrency Exchange

#CryptoCurrencyHack

According to media, #Japanese exchange has lost $530 million in #cryptocurrency due to hacking.
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Koicgiro Wada, president of #Coincheck said in a news conference on Friday night. He said that the company may seek financial assistance. He also apologized to their #customers for the inconvenience.

The Coincheck exchange update on its #website that it had stopped sales and withdrawals of the #currency, which is also called The NEM. Later they added that the exchange had also restricted dealings in other cryptocurrencies as well.

Coincheck exchange further added that unauthorized access is detected to its #system on Friday.

Remember Coincheck exchange is one of the leading CryptoCurrency and #Bitcoin exchange in #Asia.

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Maybe it's time to store my cryptos in a wallet instead of on Binance...

Yes, in my point of view Wallet is the best place

i always love reading more into crypto, it seems there is always one thing i never know. Thanks for the excellent post.
Keep Up the great content and Steem-on! @imrankhan26

Thank you for your appreciation. I will try my level best to keep update you from latest news related to technology. thank you so much

I loved Nem's press release response saying that if Coincheck had used their technology the breach never would have happened, and no hard fork is needed. #classy