Japanese token exchange ‘Coincheck’ has lost $400M customer’s token
Japanese domestic token exchange ‘Coincheck’ has found that the virtual currency "NEM(New Economy Movement)”, which is regarded as customer's assets under custody, amounted to 523 million NEM, and more than about $400 Million.
Like Bitcoin, NEM is a cryptocurrency built on top of blockchain, but it uses a more environmentally-friendly method to confirm transactions, according to its website. Bitcoin mining requires significant computing power, while NEM says it does not. Last year, it began running commercials on national television featuring popular local comedian Tetsuro Degawa.
Coincheck founded in 2012, had 71 employees as of July with headquarters in Tokyo’s Shibuya district, an area popular with startups that was also home to Mt. Gox, according to Coincheck’s website.
Ichiro Yamamoto, A reporter from Yahoo! News Japan, made an inquiries to CoinCheck Company. And there isn’t any official notice untill now.
2018/1/26 PM 12:38
- Currently, we also suspended the sale and purchase of NEM. We are sorry for your inconvenience, but we appreciate your understanding.
2018/1/26 PM 12:52
- Currently, NEM's withdrawal is temporarily suspended. We are sorry for your inconvenience, but we appreciate your understanding. We apologize for any inconvenience. We will inform you as soon as we become aware of the cause and details, please humbly, thank you.