Breaking News

GEEKOM to Unveil World's Most Powerful AI Mini PC at IFA 2025 Dolby Unveils Dolby Vision 2 Samsung Launches All-New Sound Tower at IFA 2025 LG Display 4th-Generation OLED Panel obtains industry’s first Perfect Reproduction Verification Viltrox launches AF 56mm Ultra-large aperture F1.2 Pro E and XF (APS-C) lenses

logo

  • Share Us
    • Facebook
    • Twitter
  • Home
  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map

Search form

Hackers Steal $534 million From Tokyo's Coincheck Virtual Bank

Hackers Steal $534 million From Tokyo's Coincheck Virtual Bank

Enterprise & IT Jan 27,2018 0

Hackers have attacked computers owned by Tokyo-based Coincheck Inc. to drain the equivalent of 58 billion yen ($532 million) in digital currency called NEM.

Koichiro Wada, the company president, announced the theft at a news conference held late Friday. He apologized for the suspension of services, adding that the company was looking into how to compensate customers for their losses. Later, Coincheck said it would use its own capital to reimburse customers who lost money. The company will repay all 260,000 users impacted by the theft of NEM coins, at a rate of 88.549 yen (81 U.S. cents) for each coin.

As The Asahi Shimbun reports, the company officials are still looking into the cause and the ramifications of the virtual heist.

The loss would be the biggest to affect a bitcoin exchange, exceeding the 46.5 billion yen that went missing from Mt. Gox, a now defunct virtual currency exchange.

Normally, digital currency exchange operators store valuable data in computers that are securely sealed off from Internet access. However, Coincheck officials admitted the company had not taken this security step with regard to the NEM virtual currency because it lacked the technological skills and personnel.

Tags: BitcoinVirtual currency
Previous Post
Chinese Blogger to Pay $31,000 Fine for Inaccurate Post
Next Post
TSMC Breaks Ground on 5nm Fab 18 in Southern Taiwan Science Park

Related Posts

  • What Does it Take to Make an ASIC Bitcoin Miner

  • The Current State of Crypto Mining

  • Bitcoin breaks the US$20,000 barrier for the first time in history

  • Covid-19 Has Wiped Out One Third of Cryptocurrency Scammers’ Revenue

  • Opera Browser for Android Offers Ten New Colors to Choose From, Supports Bitcoin

  • Hackers Stole $32m From Cryptocurrency Exchange Bitpoint

  • Trump Blasts Facebook's Libra

  • FATF Launches Crackdown on Money Laundering And Terrorist Financing Risks Using Cryptocurrencies

Latest News

GEEKOM to Unveil World's Most Powerful AI Mini PC at IFA 2025
Enterprise & IT

GEEKOM to Unveil World's Most Powerful AI Mini PC at IFA 2025

Dolby Unveils Dolby Vision 2
Consumer Electronics

Dolby Unveils Dolby Vision 2

Samsung Launches All-New Sound Tower at IFA 2025
Consumer Electronics

Samsung Launches All-New Sound Tower at IFA 2025

LG Display 4th-Generation OLED Panel obtains industry’s first Perfect Reproduction Verification
Enterprise & IT

LG Display 4th-Generation OLED Panel obtains industry’s first Perfect Reproduction Verification

Viltrox launches AF 56mm Ultra-large aperture F1.2 Pro E and XF (APS-C) lenses
Cameras

Viltrox launches AF 56mm Ultra-large aperture F1.2 Pro E and XF (APS-C) lenses

Popular Reviews

be quiet! Dark Mount Keyboard

be quiet! Dark Mount Keyboard

be quiet! Light Loop 360mm

be quiet! Light Loop 360mm

be quiet! Light Mount Keyboard

be quiet! Light Mount Keyboard

Noctua NH-D15 G2

Noctua NH-D15 G2

Terramaster F8-SSD

Terramaster F8-SSD

be quiet! Light Base 600 LX

be quiet! Light Base 600 LX

Soundpeats Pop Clip

Soundpeats Pop Clip

be quiet! Pure Base 501

be quiet! Pure Base 501

Main menu

  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map
  • About
  • Privacy
  • Contact Us
  • Promotional Opportunities @ CdrInfo.com
  • Advertise on out site
  • Submit your News to our site
  • RSS Feed