TagNEM hack

Hacked Cryptocurrency Exchange Coincheck Plots US Expansion

coincheck

Disgraced cryptocurrency exchange Coincheck has come under new management, and its new owners are planning to bring the trading platform to the US market. Bloomberg reports that Monex, the Japanese brokerage firm that acquired Coincheck in April, believes a US expansion could fast-track the exchange’s quest to once again become a major player in the industry. “We can broaden our customer base at...

Crypto Exchange Coincheck Made $491 Million Profit Prior to Hack

Zaif Cryptocurrency

Hacked cryptocurrency exchange Coincheck made 53.7 billion yen ($491 million) in profit for the fiscal year ending in March, according to financial data released on Thursday by parent company Monex. The exchange, which in January succumbed to a record-setting hack that saw the attackers make off with $530 million worth of NEM tokens (XEM), raked in 62.6 billion yen ($573 million) in revenue...

Coincheck Hackers Have Already Laundered 40% of 500 Million Stolen NEM

The hackers behind the record-setting Coincheck theft have successfully laundered 40 percent of the approximately 500 million NEM tokens (XEM) they stole from the exchange in January, cybersecurity consultants say. Citing research from Tokyo-based consultancy group L Plus, Nikkei reports that the hackers have laundered an estimated 200 million XEM, worth $79.3 million on the open market at the...

Hackers Behind $530 Million Coincheck Heist Begin Moving Stolen Funds

The hackers behind last week’s $530 million Coincheck heist have once again begun moving the stolen XEM tokens, marking the beginning of what will likely be a cat-and-mouse game to launder the funds. Blockchain data demonstrates that the hackers made a litany of transfers from their primary address to a variety of other addresses on Jan. 30. Each transaction transferred 100 XEM, worth...

Coincheck Hack May Lead to On-Site Inspections of Other Japanese Exchanges

Japan Bitcoin Exchange Zaif

Japan’s Financial Services Agency (FSA) said that it may conduct on-site inspections of other domestic cryptocurrency exchanges in response to last week’s Coincheck hack. Japanese Regulators May Inspect Other Exchanges in Wake of Coincheck Hack The FSA, the regulatory body which oversees cryptocurrency exchanges in Japan, made this announcement during a press conference on Monday, according to a...

‘The Biggest Theft in History’: What We Know So Far About the $530 Million Coincheck Hack

Bitcoin Theft

It's official. Tokyo-based cryptocurrency exchange Coincheck was hacked in what is believed to be the largest exchange theft ever carried out. This story is continually developing, but here's what we know so far. This Was the Largest Cryptocurrency Exchange Hack in History In a press conference, Coincheck executives confirmed that the hackers absconded with more than 500 million NEM, worth...

It's a Downer: Bitcoin Struggles as Ripple Sinks to Monthly Low

The cryptocurrency market has experienced yet another major correction, as the price of most cryptocurrencies in the global market declined significantly within the past 24 hours. Potential Factors Ripple has declined below the $50 billion region, achieving a monthly low at $1.22. As the $10,000 mark was a psychological threshold for bitcoin investors, the $1 mark of Ripple is also an important...