Jan 26, 2018 04:09 AM
(This post was last modified: Jan 26, 2018 09:18 AM by nikhil273.)
This morning, the Japanese crypto exchange platform Coincheck was hacked and had 526 million XEM (c. USD 400 m) stolen.
It has nothing to do with NEM - there is no issue with the tech, and according to them, the blame lies exclusively with Coincheck:
“As far as NEM is concerned, tech is intact. We are not forking. Also, we would advise all exchanges to make use of our multi-signature smart contract which is among the best in the landscape. Coincheck didn't use them and that's why they could have been hacked. They were very relaxed with their security measures," Lon Wong, President of the NEM.io Foundation, told Cryptonews.com.
"This is the biggest theft in the history of the world," he added.
https://cryptonews.com/news/coincheck-ha...n-1093.htm
https://twitter.com/iamjosephyoung/statu...4301983744
Coincheck Confirms Crypto Hack Loss Larger than Mt Gox
It has nothing to do with NEM - there is no issue with the tech, and according to them, the blame lies exclusively with Coincheck:
“As far as NEM is concerned, tech is intact. We are not forking. Also, we would advise all exchanges to make use of our multi-signature smart contract which is among the best in the landscape. Coincheck didn't use them and that's why they could have been hacked. They were very relaxed with their security measures," Lon Wong, President of the NEM.io Foundation, told Cryptonews.com.
"This is the biggest theft in the history of the world," he added.
https://cryptonews.com/news/coincheck-ha...n-1093.htm
https://twitter.com/iamjosephyoung/statu...4301983744
Coincheck Confirms Crypto Hack Loss Larger than Mt Gox
