What kind of impact could the market have on theft of Japan's Cryptocurrency?
The government is thinking of taking disciplinary action against the company as it is a Cryptocurrency steal worth $ 53 million from Japan's digital currency exchange company coincheck.
Japan's Cryptocurrency market has suffered a major setback in the world's biggest cyber-theft case. Japan's Financial Services Agency (FCA) instructed the company to improve its operations yesterday.
Note that the Tokyo-based Cryptocurrency exchange has closed all their digital currency transactions except the Bitcoin since last Friday.
#Source: News Reuters and Japan Today.
Coincheck said their stolen NEM coins were kept in a 'hot wallet'. It has not been transferred to the 'cold wallets' safe outside the Internet.
Shortly after the theft, the value of the NEM dropped from $1.01 to $0.78
The Singapore-based NEM Foundation said they are following the majority of the stolen coins. Hackers still have not transferred the printed money in any other currency or transferred to a personal account.
But how can it possible to recovered the stolen Cryptocurrency?