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[dtube] Daily: $530 Million USD HACKED from Japanese Exchange by boxmining

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bitcoin · @boxmining ·
$12.44
[dtube] Daily: $530 Million USD HACKED from Japanese Exchange
<center><a href='https://d.tube/#!/v/boxmining/ct3faoxa'><img src='https://ipfs.io/ipfs/QmPbUvg3Fco45ca5FxBtdGYsTLQs7RkTi2CU2BjEfEXLrA'></a></center><hr>

News is coming out of Japan that $520 Million USD worth of the cryptocurrency NEM was stolen from the exchange Coincheck. There were also large movements of Ripple out of the exchange but it seems like it is a precautionary move. Withdraws have been suspended
https://news.bitcoin.com/coincheck-halts-operations-amidst-hacking-rumors-after-723-million-withdrawn/
https://cointelegraph.com/news/japan-coincheck-exchange-freezes-all-withdrawals-as-up-to-723-mln-leaves-its-wallet
https://www.reddit.com/r/nem/comments/7t4wcz/press_briefing_live_with_ceo_of_coincheck/
https://twitter.com/ynakamura56/status/956911227556446208
Bloomburg reporter Yuji Nakamura:
Main takeaways from Coincheck press conf:
- only NEM impacted
- plans to continue operating, restart trading
- not clear on plan to repay customers
- no multisig💀
- wouldn’t admit security was weak
- not sure how hacked, if domestic or foreign hackers
- CEO barely spoke

👍🏻Subscribe to my YouTube Channel: https://www.youtube.com/c/boxmining

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🤑Trying out Kucoin - https://www.kucoin.com/#/?r=7g34u4
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Website: http://boxmining.com

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vote details (195)
@atiqur · 
oh my God, it is huge amount .
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@azircon · 
I am a subscriber of your youtube channel. I think your content is excellent. Especially that Charles Hoskinson 3 hr interview was amazing. I can literally see you sweating :)
👍  
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vote details (1)
@bginvestor · 
one the more honest guys talking about crypto these days!
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@bigbusiness ·
grbuzvylg
Ripple is central (like PayPal), so these funds can be blocked and 100% reimbursed

NEM is a currency based on accounts, so distribution will be very limited.
Probably NEM will have a fora.

With 600 million losses, there will be confusion and zero losses.

Unnecessary copper noise ...
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@chkoenig · 
I really expected a significant dip after the hack. Well...

btw: here are some [**airdrops**](https://steemit.com/cryptocurrency/@chkoenig/free-airdrops-88-edu-68-iost-20-gsc-and-5-nkc-token-or-only-60-seconds-to-claim) for you guys!
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@dominikk95 ·
j24prd186
Wow, just wow. Big Hack.
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@gpuhead · 
This is not the first example.. and sadly there will be more... Store your long term coins in a hardware wallet OFFLINE folks. Storing on ANY exchange (unless using them currently) is stupid, and reckless. Please learn from this, and keep yourselves safe!
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@hanen · 
Thats very sad. They are supposed to have enough security. People are investing money there and trusting them. First Bitconnect and now this :(
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@introvert-dime · (edited)
$0.12
Never trust an exchange. Bittrex disabled my account and despite verifying and doing all the steps told after 3 months Im still waiting for them to enable my account access. 
I think Bittrex is going through liquidity issues perhaps got hacked or loss heavily in trading so to maintain liquidity they are disabling random accounts to prevent getting busted.
I recommend to take your money out of exchanges specially bittrex and keep it in your own wallets.
I learnt the hard way!
👍  
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vote details (1)
@josteem · (edited)
$1.24
![2252F1B9-06F5-404A-A149-0D9617394287.jpeg](https://steemitimages.com/DQmPBwfs6vojBZQ7XMSPuEvv76rubvyGdusirDbT5ninucF/2252F1B9-06F5-404A-A149-0D9617394287.jpeg)

“ Never trust a centralized exchange “
👍  ,
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@lucygarrod ·
$0.11
I am planning to move all my money under my mattress :D
👍  
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@josteem · 
Do you trust your home beloved  pets ?
👍  
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@knowthycrypto ·
535b9qa1b
Crazy they are going to refund every ones coins. Good on them.
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@marcopagan · 
Sad man. Just shows that you should NEVER keep your crypto on an exchange. Its literally a gimme and an easy hack for almost all hackers, even for people who have 2FA.  Even the most popular exchange, Coinbase might get hacked and people will still insist to have their crypto sit on the exchange lol. Keep your crypto on an offline wallet like Ledger Nano S so that you don't have to worry about news like this!
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@pampel ·
myc1mclzl
Nice !
👍  
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vote details (1)
@read3986 · 
I think they we are going to hear a lot of this sort of things while cryptos are still in their early stages of development. After they've been battle tested over the years the ones remaining will be pretty solid.
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@rockingluis98 · 
Only 530 million dollars? that's nothing. Yeah for sure...
properties (22)
authorrockingluis98
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categorybitcoin
json_metadata{"tags":["bitcoin"],"app":"steemit/0.1"}
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@techwizardry ·
$2.40
It's hard for me to believe that after all the exchange thefts we've seen in the past several years, that someone would still keep that much crypto in a hot wallet. 

It's almost seems like these guys were begging the "hackers" to come and steal their users' funds.
👍  
properties (23)
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vote details (1)
@tradewolf · 
If they listened to you they will not lose that much, hehehe ;)
properties (22)
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@tradingroom · 
Litecoin - USD daily chart with a Stoch/RSI crossover: https://steemit.com/cryptocurrency/@tradingroom/litecoin-usd-daily-chart-with-a-stoch-rsi-crossover
👍  ,
properties (23)
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vote details (2)
@twitterbot · 
### ![ynakamura56](https://pbs.twimg.com/profile_images/518987866911678464/LcpAM8UF_normal.jpeg) **[Yuji Nakamura](https://twitter.com/@ynakamura56/status/956911227556446208)** tweeted @ 26 Jan 2018 - 15:26 UTC

> Main takeaways from Coincheck press conf:
- only NEM impacted
- plans to continue operating, restart trading
- not… [twitter.com/i/web/status/9…](https://t.co/Ze4SP8PzWj)


###### *Disclaimer: I am just a bot trying to be helpful.*
properties (22)
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total_payout_value0.000 HBD
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author_reputation2,792,128,643,772
root_title"[dtube] Daily: $530 Million USD HACKED from Japanese Exchange"
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