Coincheck loses $ 400 million cryptocurrency

Coincheck, one of the largest cryptocurrency trading platforms in Japan, has lost hundreds of millions of dollars of digital money.

Source

As the platform announced on Friday, 500 million units of NEM illegally disappeared. The value is an equivalent of about $ 400 million or about € 320 million. Japan is considered a stronghold for trading in digital currencies such as Bitcoin.

According to company representatives, it is unclear how the 500 million NEM disappeared. Work has been done to ensure the security of all customer accounts. A few hours earlier, Coincheck had suspended all withdrawal and the trading function with all digital currencies except Bitcoin. Deposits in the stolen cryptocurrency NEM were also no longer possible.

Digital currencies under pressure

Shortly after the problems with Coincheck became known, many digital currencies had come under considerable pressure. Bitcoin, the oldest and best-known cryptocurrency, dropped by as much as 9 percent in the direction of $ 10,000 on the large Bitstamp platform, but was able to recover to $ 11,000. The affected digital cirrency NEM, after measuring the website Coinmarketcap, the tenth largest cryptocurrency in the world, also fell significantly.