Coincheck hack: Cryptocurrencies slumped after one of Japan’s biggest Bitcoin venues halted client withdrawals. Ripple worth $123 million was withdrawn from its wallet along with a single withdrawal of 500 million NEM.
One of Japan’s largest cryptocurrency exchanges has halted all withdrawals amidst rumors of a large-scale hack.
Coincheck Inc., based in Tokyo, said in a series of tweets that it had suspended all withdrawals, halted trading in all tokens except Bitcoin, stopped deposits into NEM coins and was preparing “detailed announcement” on the situation.
Ripple worth $123 million was withdrawn from its wallet on Friday January 26 along with a single withdrawal of 500 million NEM, with the altcoin’s foundation president Lon Wong then tweeting “It’s unfortunate that coincheck got hacked. But we are doing everything we can to help.” Upon news of the alleged hack surfacing, the price of NEM dipped sharply, leaving it down 19% in the past 24 hours.
Twitter: If the rumors about the Coincheck hack are true (a billion XRP and $600M worth of NEM being withdrawn), we're looking at the largest hack in the history of cryptocurrencies (at least $1.6B, not counting possible withdrawals of other currencies).
XRPL Monitor:
Transaction Type: Payment Amount: 101,265,057.474195 XRP Fee: 150,000 drops (0.15 XRP) Sender: Coincheck Sender Balance: 199,899.7 Receiver: rPccPbZH4YBVmjvL4dMMkrX8J3MKGLNApQ Receiver Balance: 3,110,669,147.34739 Link: