ALTCOIN, BLOCKCHAIN, RIPPLE

Japanese Exchange Coincheck Freezes Withdraws After ‘Largest Theft in the History of the World’

Popular Japanese cryptocurrency exchange, Coincheck, has frozen all withdraws after the company was hacked for a total of over $723 Million.

Allegedly, $600 Million worth of NEM has left the exchange as well as $123.5 Million worth of Ripple (XRP).

Long Wong, NEM Foundation President, confirmed the Coincheck hack calling the stolen funds “the biggest theft in the history of the world.”

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

“All withdrawals from the platform are currently restricted, including JPY. Thank you for your understanding. We are doing our utmost to resume normal operations as soon as possible.”

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