The executives of the Japanese cryptocurrency exchange Coincheck, which became the latest victim of a security breach and theft of cryptocurrencies worth $530 million, refused to admit security flaws.
Over the weekend it was revealed that CoinChecks hot wallet was hacked and client funds in XEM coins, native to the NEM blockchain, worth $530 million were stolen, making it the largest heist in cryptocurrency history so far. Initially it was reported that Ripples were also stolen.
At a news conference the CEO of CoinCheck and several other executives told reporters that the exchange is planning to refund its clients and resume trading, without revealing further details. In fact, it seems, at this point there are no specific plans and nobody at Coincheck knows how exactly the funds were stolen.
Source: https[Suspicious link removed]cs-don-t-admit-security-flaws