Hackers steal over USD 500 million from Japanese crypto exchange

Updated: Jan 28, 2018, 10:16 IST | Agencies

Cryptocurrencies fell Friday after Japan-based digital exchange Coincheck suspended client deposits and withdrawals for virtual currencies except bitcoin, saying it had been hacked

Representational picture
Representational picture

Cryptocurrencies fell Friday after Japan-based digital exchange Coincheck suspended client deposits and withdrawals for virtual currencies except bitcoin, saying it had been hacked. Coincheck said it was investigating "unauthorised access" of the exchange that appeared to result in a loss worth half a billion US dollars of NEM, the 10th biggest cryptocurrency by market capitalisation.

"It's worth $530mn based on the calculation at the rate when detected," said Coincheck's chief operating officer Yusuke Otsuka. He added the exchange was trying to find out whether the breach was from Japan or another country.

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