![]() Later in the day, with suspicions high and tension thick, NEM Foundation president Lon Wong confirmed Coincheck was hacked, calling the stolen funds "the biggest theft in the history of the world." This figure beat Mt. 26 when Coincheck suspended all deposits in NEM on their exchange. Gox hack was wrought by dark dealings and hidden facts, but the Coincheck one was handled far better as the heads of the exchange not only kept their investors in the loop, but made promises about reimbursing the lost funds. ‘Biggest theft in the history of the world’ 26, has moved things into place on Japan and the rest of the world. Regardless of the aftermath, and the effects it could still have, it is important to go over the past few months and see how this 523 mln NEM coins hack, worth approximately $534 mln on Jan. In a strange twist of fate, Coincheck may have an offer tabled to it by Japanese brokerage firm, Monex, who are mulling over buying a majority stake in the cryptocurrency exchange. Were there lessons that have been learnt from previous hacks? Or perhaps the market has become more secure and steady in the light of major tragedies. While thieves walked away with a bigger payday from the recent hack, the effect on the entire cryptocurrency market was far less severe. Gox has been overtaken as the biggest single exchange hack with Coincheck, also a Japanese exchange, taking the title. Gox hack of 2014 experienced one of the most tumultuous times in cryptocurrency history, having seen some of the darkest days in the ecosystem. The biggest single exchange hack ever happened in Japan, following in the path of the former record holder, Mt.
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