Coincheck hacked $500 MILLION+

[Gullintanni]

Does anyone here use this place?

https://www.coindesk.com/coincheck-confirms-crypto-hack-loss-larger-than-mt-gox/

 

[Jim4silver]

That's what scares me away from any cryptos, etc. You can lose it all in an instant and have no real recourse.

 

[Soprano16]

I already posted this in the Crypto Bubble thread, but perhaps it does deserve it's own thread due to the severity of this

I wouldn't imagine anyone here uses it, as it's a Japanese exchange

From what I understand, I don't think any users have been impacted? I think the actual exchange have taken the hit, and not their users, but I could be wrong

 

[Gullintanni]

I already posted this in the Crypto Bubble thread, but perhaps it does deserve it's own thread due to the severity of this

I wouldn't imagine anyone here uses it, as it's a Japanese exchange

From what I understand, I don't think any users have been impacted? I think the actual exchange have taken the hit, and not their users, but I could be wrong

Sorry mate did not see it or i would not have reposted.

EDIT TO ADD: Ok i can see it here https://www.silverstackers.com/foru...-the-crypto-bubble.87398/page-12#post-1044446
I think as time goes by a devoted thread may have been needed anyhow.

 

[SilverDJ]

http://www.bbc.com/news/world-asia-42850194

Coincheck has promised to use its own funds to reimburse more than 46bn yen ($423m) to customers who lost their NEM crypto-currency coins on Friday.

LOL
Where are they going to get $423M from?

 

[leo25]

Maybe Tether hacked them, as they just happened to generate that much more money after the hack.

 

[Ipv6Ready]

They could create a always create a new coin, value it at a dollar and give it back to punters.

Though more likely they are buying time to figure out if they are bankrupt or could they get the NEM back to payback.

I bet all the users would have loved it, if they were covered by government regulation.