Japanese cryptocurrency exchange Coincheck has confirmed it lost about $524 million after suffering a hack which stole 500 million NEM tokens, said to be the biggest cryptocurrency hack ever. NEM, the 10th-largest cryptocurrency by market value, fell 11% over a 24-hour period following the hack. The previous largest theft was pegged at $450 million in 2014 from a Tokyo-based exchange.
Shocking news huh? This will affect badly for the Crypto world. Are these hackers unstoppable ? I am worried all my coins are in exchanges, not in hardware wallets, Exchanges are really not safe, This news confirms it again.
I think most of these so called "hacks" are just inside jobs. I know it doesn't lessen the blow. This is obviously huge! I am guilty of leaving coins in exchanges as well, definitely making me rethink that.
Yeah All my coins are exchanges, We are unsecured in exchanges, Something has to be done stop these nasty stuffs, Yeah somehow. This affects whole crypto market concept badly.. I hope authorities will get in to this matter seriously.