Great development from Japan's regulator, especially with an eye on the future security of exchanges and their fund storage, but I would like to see more action happen primarily targeted at Coincheck, because I still haven't seen them even remotely name up a reason to have like $500 million worth of crypto value sitting in hot wallets. Even worse is the fact that it only concerned one single coin, which means that Coincheck has had far more crypto value sitting in hot wallets if we count other cryptos as well. Seriously, nothing in the world justifies any exchange to store that much value in hot wallets -- it's an act that I consider to be very shady. It just doesn't make any sense....
Trying so hard to believe that Coincheck was just lax with the security of their fund storage (which makes them a shitty exchange by the way) but the fact that the hack involved only NEM coin made me so suspicious of their action.
