![]() After the hack, Coincheck said it would reimburse all of the 260,000 customers affected by the theft using its own capital. It added it would conduct hearings with other exchanges after their operators. He also told Reuters that he couldn't yet determine how much of the stolen coins had already been spent.Īccording to reports from Japan Today, whoever was behind the Coincheck hack initially transferred the stolen coins to a single digital address and then further dispersed them to nine other addresses - a move believed to be an attempt to make the stolen currency harder to trace. The FSA said it ordered Coincheck to submit a report on the hack and measures for preventing a recurrence by Feb. In 2021, Tsuchiya and Hiramoto presented a case study (Tsuchiya and Hiramoto, 2021) on the Coincheck hacking incident, involving the theft of 530 million worth of cryptocurrency, illustrating how. ![]() We are contacting those exchanges," said McDonald. This is the biggest theft in the history of the world, he added. Details of Screening for New Registration Application as Virtual Currency. They were very relaxed with their security measures, Wong said. "He is trying to spend them on multiple exchanges. Coincheck hack, the JFSA ordered FSHO and Bitstation exchanges based in. Jeff McDonald, vice president of the NEM Foundation, the company behind XEM, told Reuters that he had tracked down an account holding the coins and those in possession of the stolen XEM were trying to sell them on six different cryptocurrency exchanges. Last week, hackers stole around $534 million worth of cryptocurrency XEM from Tokyo-based exchange Coincheck, and now, Reuters reports, the hackers behind the heist are trying to sell the stolen cryptocurrency.
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