Coincheck: more than 400 million dollars worth of cryptocurrencies stolen

Coincheck: more than 400 million dollars worth of cryptocurrencies stolen - A bad flop for one of the most famous Japanese exchanges.

Coincheck: more than 400 million dollars worth of cryptocurrencies stolen - coincheck

The official only arrived on Friday, but already in the hours preceding the rumors about what it is the most serious hacker attack in crypto-value area they had made themselves so insistent and homogeneous as to make investors and market analysts understand that probably something serious had actually happened.

Thus, the confirmation: in a clearly suffered press conference, the managers of Coincheck (one of the leading Japanese cryptographic exchange leaders) admitted to having lost more than $ 400 million in NEM tokens, following a hacker attack on its services.

With similar proportions, the hacker attack against hot wallet"of Coincheck it goes back to recent history as the most harmful, making even the one - which occurred in 2014 - fall into the background Mt Gox. However, it is not said that the uproar and the secondary effects are destined to be more serious than those of 2014: although in absolute terms the damage is greater, in relative terms it is a smaller fraction than the total cryptocurrency In circulation.

Of course, the above certainly does not mean that the flop of Coincheck can be easily forgotten. Indeed, it is probably possible to try to start from this bad episode in order to remember once again how important it is to take care of the safety of your own crypto-value assets, evaluating - for example - if it is no longer convenient to hold cryptocurrencies not within exchanges, but within their own portfolios, especially hardware.

As for the protagonists of this story, the unaware one (NEM and its Foundation) has already suffered a substantial drop in the prices of the currency, while the main one (Coincheck) is likely to lose its credibility built over the years and, further , to see the possibility of obtaining an official license for crypto exchanges, requested but not yet obtained ...