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Author Topic: Coincheck hack - 523 xem stolen  (Read 2079 times)

Offline sasanka wijeratne

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Coincheck hack - 523 xem stolen
« on: January 27, 2018, 04:11:36 AM »
Coin check was hacked and 523 mln NEM coins were stolen according to the cointelegraph. Subsequently coincheck stopped all the NEM withdrawal . The price of XEM dropped from .94 to .77 and at present price is stable at .82. This was a major hit for the Japanese exchange which greatly influence the price of NEM.
Lon Wong posted on Instagram
Quote
LON WONG
It's unfortunate that coincheck got hacked. But we are doing everything we can to help. __________________________ ⠀
« Last Edit: January 27, 2018, 04:14:39 AM by sasa0220 »


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Coincheck hack - 523 xem stolen
« on: January 27, 2018, 04:11:36 AM »

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Offline Gabearooo

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Re: Coincheck hack - 523 xem stolen
« Reply #1 on: January 28, 2018, 03:45:29 AM »
Great example of why you don't leave stuff on a exchange. And because of coincheck lack of security "A hard fork could have been executed if $534 million in NEM were stolen due to the fault of the NEM blockchain. But, because the security breach was caused by the lack of strong security measures of Coincheck, the NEM #DevelopmentTeam  rightfully refused to conduct a hard fork" Look for more talk of regulation I bet.

Offline aldavetheboss

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Re: Coincheck hack - 523 xem stolen
« Reply #2 on: February 03, 2018, 01:54:04 AM »
It's true, as soon as you transfer your coins to an exchange, they must be sold. Too many crypto hacks occurring these days. Remember to sell when there is euphoria, and buy when there is panic. That rules applies to all investments, even crypto.

Offline akbabb

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Re: Coincheck hack - 523 xem stolen
« Reply #3 on: February 05, 2018, 02:50:20 PM »
It seems that even huge news like this really had little to no effect on the price of NEM in fact If i can recall the price of NEM actually increased after this event.
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Offline Ron1976

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Re: Coincheck hack - 523 xem stolen
« Reply #4 on: February 19, 2018, 01:59:33 AM »
Great effort by NEM team to give info about the hack, something Coincheck could not do....

 

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