#GlobalNews: “Japan cryptocurrency exchange hacked, $530 million goes missing – National”

Advertisements:

TOKYO – Japanese media say an exchange has lost 58 billion yen ($530 million) in cryptocurrency because of hacking.

The Coincheck exchange said on its website Friday that it had halted sales and withdrawals of the currency, which is called NEM. It later added that it had restricted dealings in most other cryptocurrencies too.

READ MORE: Why Canada is poised to become a prime destination for Bitcoin mining

Kyodo News service reported that Coincheck President Koichiro Wada apologized at a news conference and said the company may seek financial assistance. Kyodo says the Coincheck exchange detected the unauthorized access to its system early Friday.

The reported loss tops the 48 billion yen that the Japan-based Mt. Gox Bitcoin exchange lost in 2014.

Note: “Previously Published on: 27 January 2018 | 3:38 pm, as ‘Japan cryptocurrency exchange hacked, $530 million goes missing – National’ on GLOBALNEWS CANADA. Here is a source link for the Article’s Image(s) and Content”.

Global News Canada

Copyright © 2017 Global News, a division of Corus Entertainment Inc. Corus News. All rights reserved. Distributed by PressOcean Global Media (pressocean.com). Contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material... Articles and commentaries that identify PressOcean.com as the publisher are produced or commissioned by PressOcean. To address comments or complaints, please Contact us.

0 Comments

No comments!

There are no comments yet, but you can be first to comment this article.

Leave reply

Leave a Reply, an Opinion or a Comment: