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Theft of 500 million dollars in the NEM cryptocurrency to CoinCheck

01/26/2018

On January 22, CoinCheck, the second largest cryptocurrency exchange organization in Japan, suffered the theft of more than 500 million dollars in the New Economic Movement (NEM) cryptocurrency.

The theft occurred due to the fact that CoinCheck did not store the tokens in cold wallets without Internet access because they supposedly had problems in managing these wallets.

CoinCheck has reported that it will return the stolen value in yen to its owners.

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