Tokyo-based cryptocurrency exchange hacked, losing $530 million
Coincheck posted on its website on Friday afternoon that it had suspended withdrawals of almost all cryptocurrencies
A man poses inside a server room at an IT company in this June 19, 2017 illustration photo. PHOTO: REUTERS
Coincheck, a major cryptocurrency trading exchange in Tokyo, has been hacked into and has lost about 58 billion yen ($534 million) worth of virtual money, national broadcaster NHK reported on Friday.
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Coincheck posted on its website on Friday afternoon that it had suspended withdrawals of almost all cryptocurrencies.
The exchange has already reported the incident to the police and to Japan’s Financial Services Agency, NHK said.
US official warns Bitcoin could become the new Swiss bank account
In 2014, Tokyo-based Mt. Gox, which once handled 80 percent of the world’s bitcoin trades, filed for bankruptcy after losing some 850,000 bitcoins - then worth around half a billion US dollars - and $28 million in cash from its bank accounts.
South Korea plans to ban cryptocurrency trading
Coincheck posted on its website on Friday afternoon that it had suspended withdrawals of almost all cryptocurrencies.
The exchange has already reported the incident to the police and to Japan’s Financial Services Agency, NHK said.
US official warns Bitcoin could become the new Swiss bank account
In 2014, Tokyo-based Mt. Gox, which once handled 80 percent of the world’s bitcoin trades, filed for bankruptcy after losing some 850,000 bitcoins - then worth around half a billion US dollars - and $28 million in cash from its bank accounts.