Japanese virtual currency exchange became the victims of hackers

There are at least 523 million NEM tokens - Bitcoin's virtual money equivalent - worth Rp 7.1 trillion has been stolen.

NEM is mentioned as one of the top 10 virtual currencies that can be distributed as a means of payment and other financial services. Just to be known, Japan is the first country to allow the exchange of virtual currency.

Coincheck said, there is still no more detailed information about how the service can be broken. However, based on NEM information, the money is stored in a safe place and somehow hacked by hackers.

Coincheck said it would consider compensation for affected users.

NEM Foundation President, Lon Wong said, his organization is trying to do anything to help solve this problem.

According to information circulated, after the breakup of Coinchek, both the process of selling, purchasing, and withdrawing NEM tokens stopped. Because of this problem, the NEM exchange rate fell from US $ 1.01 to US $ 0.83.

Coincheck management said they are storing NEM tokens in a place called "hot wallet". "Hot wallet" is a method of storing virtual currency connected to the internet.

Meanwhile, the US virtual currency exchange Coinbase said on its website, in America, 98 percent of virtual currency owners are offline alias not connected to the internet or called "cold wallet".

There are at least 523 million NEM tokens - Bitcoin's virtual money equivalent - worth Rp 7.1 trillion has been stolen.

NEM is mentioned as one of the top 10 virtual currencies that can be distributed as a means of payment and other financial services. Just to be known, Japan is the first country to allow the exchange of virtual currency.

Coincheck said, there is still no more detailed information about how the service can be broken. However, based on NEM information, the money is stored in a safe place and somehow hacked by hackers.

Coincheck said it would consider compensation for affected users.

NEM Foundation President, Lon Wong said, his organization is trying to do anything to help solve this problem.

According to information circulated, after the breakup of Coinchek, both the process of selling, purchasing, and withdrawing NEM tokens stopped. Because of this problem, the NEM exchange rate fell from US $ 1.01 to US $ 0.83.

Coincheck management said they are storing NEM tokens in a place called "hot wallet". "Hot wallet" is a method of storing virtual currency connected to the internet.

Meanwhile, the US virtual currency exchange Coinbase said on its website, in America, 98 percent of virtual currency owners are offline alias not connected to the internet or called "cold wallet".

There are at least 523 million NEM tokens - Bitcoin's virtual money equivalent - worth Rp 7.1 trillion has been stolen.

NEM is mentioned as one of the top 10 virtual currencies that can be distributed as a means of payment and other financial services. Just to be known, Japan is the first country to allow the exchange of virtual currency.

Coincheck said, there is still no more detailed information about how the service can be broken. However, based on NEM information, the money is stored in a safe place and somehow hacked by hackers.

Coincheck said it would consider compensation for affected users.

NEM Foundation President, Lon Wong said, his organization is trying to do anything to help solve this problem.

According to information circulated, after the breakup of Coinchek, both the process of selling, purchasing, and withdrawing NEM tokens stopped. Because of this problem, the NEM exchange rate fell from US $ 1.01 to US $ 0.83.

Coincheck management said they are storing NEM tokens in a place called "hot wallet". "Hot wallet" is a method of storing virtual currency connected to the internet.

Meanwhile, the US virtual currency exchange Coinbase said on its website, in America, 98 percent of virtual currency owners are offline alias not connected to the internet or called "cold wallet".

Coincheck says, in addition to NEM tokens, hackers do not steal other virtual currency.