Coincheck suffers the largest cryptocurrency theft to date

Coincheck has informed today, January 26, of the possible inappropriate transfer of $ 532 million in NEM to the Financial Services Agency and the Police, according to Nikkei.

The president of the NEM Foundation, Lon Wong, has appeared to confirm that Coincheck was pirated, and described the stolen funds as “the biggest theft in the history of the world”.


The Japanese cryptocurrency exchange Coincheck suspended all withdrawals and stated in its blog that:

“Depositing NEM in Coincheck is currently restricted. Deposits made to your account will not be reflected in your balance, and we encourage all users to refrain from making deposits until the restriction has been lifted.”

The president of the Foundation, Lon Wong stated:

As far as NEM is concerned, the technology is intact. We are not bifurcating. In addition, we advise all exchanges to make use of our intelligent multiple signature contract that is among the best in the landscape. Coincheck did not use it and that is why they could have been hacked. They were very relaxed with their security measures. Lon Wong, President, Foundation

The Coincheck company has not been registered as a virtual exchange operator with the Financial Services Agency, which means that it does not comply with the compensation requirements in case of a collapse, as happened with Mt. Gox.

When the news was known and confirmed, some exchanges for a short time suspended some of their operations due to precautions in the mass sale of NEM, although they did not take long to follow normally after applying some controls over the NEM asset.

On social networks in both English and Japanese, Coincheck promised users that it would provide full details in due time while apologizing for the abrupt cut in services.

There have also been reports of Japanese media that are beginning to meet at Coincheck headquarters.

También han surgido informes de medios japoneses que comienzan a reunirse en la sede de Coincheck.

Jose Felip

Jose Felip

The difficult thing is not to learn, the difficult thing is to know how to teach. Editor and coordinator of the free book "La era de las BLOCK punto COM" CEO of