Five Hundred million go missing in largest cryptocurrency hack ever

Posted on:28 Jan 2018 09:00:01
Five Hundred million go missing in largest cryptocurrency hack ever
28 January 2018 Current Affairs: Japanese cryptocurrency exchange Coincheck has confirmed it lost about $524 million after suffering a hack which stole 500 million NEM tokens

It is the biggest cryptocurrency hack ever. NEM, the 10th-largest cryptocurrency by market value, fell 11% over a 24-hour period following the hack.

The previous largest theft was pegged at $450 million in 2014 from a Tokyo-based exchange.
Japanese cryptocurrency exchange Coincheck has confirmed it lost about $524 million after suffering a hack which stole 500 million NEM tokens

It is the biggest cryptocurrency hack ever. NEM, the 10th-largest cryptocurrency by market value, fell 11% over a 24-hour period following the hack.

The previous largest theft was pegged at $450 million in 2014 from a Tokyo-based exchange.

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