Topic: coincheck got hacked in Japan (Read 247 times)

An update: they are compensating people who lost coins:

https://twitter.com/ynakamura56/status/957275354527232000


And here is the coincheck announcement in Japanese from their blog:

http://corporate.coincheck.com/2018/01/28/30.html

The saddest thing is that exchange does not guarantee the safety of funds of its depositors. And when you attack it all goes to the scammers. And because of this, now we can observe a decline in the value of the NEM coin is 16.5%

Far East stock market has bad news in recent days. This is neither the first nor the last theft.
This stock market was known. Stock markets should be more careful.

This is just sad. Lots and lots of exchange sites have been hacked. We have to be very vigilant in putting our money on exchange sites and letting in sit there. A paper or hardware wallet is the best to keep your investments. I hope this will become a lesson to other exchanges outt there to protect it from attacks like these. Many exchanges have gone bankrupt because of such attacks.

In addition, every exchange in possession must be a different password or use Google Authy.
Must raise awareness

this hackers stolen a lot of cryptos and now? they just sell them? or hold and?...

I read that Tokyo-based cryptocurrency exchange Coincheck disclosed Friday it had been hacked and lost about ¥58 billion ($532 million) worth of its holdings, sending clients into a panic about the fate of their virtual assets.

Demn,that is bad news...every day negative new for crypto market...

 mt.gox belonged to japan. it was hacked. I do not trust the japan anymore. they may be doing it knowingly. we need to stay away

Exchanges are not taking security measures quite seriously. They could give the insurance for their our holdings. It is expensive, but something is need to be done.
For example I would rather give my 0,1% or of every transaction to maintain their insurance policy than to see my account empty.

Digital money is a lot of risk! Trade and withdraw to personal wallets as soon as possible to secure your assets! Hold on exchange a sufficient amount!

[/quote]Because they are trying to avoid the big fees on the decentralized exchange which gives a better security to our amount. Basically it used p2p transaction and it's not send our fund to the hot wallet like what already happened if you are sending your money to the centralized exchange site.

How centralized exchange has a lot of demand rather than decentralized exchange site. They are thinking if that was easy to use rather than dex.

  trading bot.... people holding nem are now basically living under a guilotine, better sell...

Yep, though he could get caught before his dump if he moves is coins too fast. Blockchain is transparent.

if the hacker decides he wants US dollar, he can quickly make that token worth 0 USD

not nice to know as a nem holder, these hackers have a completely different mental assoiation with those token than those "investors" and "holders"

That's really a massive amount to be lost.In any case,you have to avoid leaving your funds on exchanges.To be safe get an offline hardware wallet such as ledger etc to keep ur funds in it,you will be much more safer.

If you are eager to stash the coins on the exchange at least try to be unique in your actions. First, of all try to set unique email for the account on the exchange you will use and also make sure you put the long pass that is hard to guess for some bot system that the hackers are constantly using.
Try to diversify your portfolio among exchanges because this way it will be a harder for the hackers to steal all your portfolio that is stashed( also very unlikely). If you will be trading tokens on Ethereum try some decentralized exchanges because you will have the power over your portfolio with your private keys and it won't be stored on an exchange. Also if you have a large amount of the coins stashed on some exchange try to keep the balance of it in the anonymity because the more of the people know about your balance it is likely that you will be the one of the targets when the exchange is attacked. Try to take precautions even if you cant protect the funds from fully sophisticated hacker attack. One more advice; try to find reputable exchange site that has a hard security that has a hard breachable system. This way you will feel more secure even if the most secure way would be to stash your coins in the hardware wallet after the trade.

Be smart and take precautions! Good luck in the trading!

Thank you for your help.
but these kind of news happend several times and hackers earned everytime
if people know the risk of putting coins in exchange, why they still doing that?

omg 534 mln$


i bet the hacker is now dancing

like this

https://www.youtube.com/watch?v=UG7zLhEWanc

 

Umm Crypdon have a good answer to your question?
Just don't store your coins on a exchange, if the exchange gets hacked there is a big chance the hacker has access to your private keys and you don't. Also, if you're holding your coins in a private wallet (so not on an exchange) don't download fishy programs that might steal your coins out of your wallet.