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01-27-2018, 09:45 AM
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#1 |
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Too old to care
Industry Role:
Join Date: Jun 2001
Location: On the sofa, watching TV or doing my jigsaws.
Posts: 52,943
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Coincheck: World's biggest ever digital currency 'theft'
Coincheck: World's biggest ever digital currency 'theft' - BBC News
"One of Japan's largest digital currency exchanges says it has lost some $534m (£380m) worth of virtual money in a hacking attack on its network. Coincheck suspended deposits and withdrawals for all crypto-currencies except Bitcoin as it assessed its losses in NEM, a lesser-known coin. If the theft is confirmed, it will be the largest involving digital currency. Another Tokyo exchange, MtGox, collapsed in 2014 after admitting that $400m had been stolen from its network. The stolen Coincheck money was said to be kept in a "hot wallet" - a part of the exchange connected to the internet. That contrasts with a cold wallet, where funds are stored securely offline. Coincheck says it has the digital address of where the money was sent and is going to do what it can to compensate investors." |
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01-27-2018, 12:11 PM
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#2 |
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StraightBro
Industry Role:
Join Date: Aug 2003
Location: Monarch Beach, CA USA
Posts: 56,229
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Digital currency, now you see it now you don't
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 Skype: CallTomNow |
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01-27-2018, 01:14 PM
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#3 |
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So fucking bland
Industry Role:
Join Date: Jul 2006
Location: England
Posts: 8,005
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the bit that got me the most in that article was mtgox finding a lost bitcoin wallet with 200,000 coins after their hack!
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01-27-2018, 01:16 PM
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#4 | |
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Fake Nick 1.0
Industry Role:
Join Date: Oct 2005
Location: Rent free, your head
Posts: 27,679
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Quote:
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PLEASE WAIT WHILE BIDEN ADMIN UNINSTALLS ITSELF..... ██████████████████▒ 99.5% complete. |
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01-27-2018, 02:56 PM
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#5 | |
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StraightBro
Industry Role:
Join Date: Aug 2003
Location: Monarch Beach, CA USA
Posts: 56,229
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Quote:
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01-27-2018, 03:18 PM
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#6 |
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Confirmed User
Industry Role:
Join Date: Jun 2012
Location: All Over
Posts: 3,917
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This story smells fishy....
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01-27-2018, 03:44 PM
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#7 |
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Too lazy to set a custom title
Industry Role:
Join Date: Dec 2004
Location: Happy in the dark.
Posts: 93,688
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Vacares - Web Hosting, Domains, O365, Security & More - Paxum and BTC Accepted Windows VPS now available Great for TSS, Nifty Stats, remote work, virtual assistants, etc. |
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01-27-2018, 04:27 PM
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#8 |
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Too lazy to set a custom title
Join Date: Nov 2002
Location: Earth
Posts: 14,625
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It is such a weird thing to steal. How do you convert it to cash?
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01-27-2018, 05:12 PM
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#9 |
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Let's Make Money
Industry Role:
Join Date: Dec 2008
Posts: 8,784
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Always put your cryptos to your own wallet if you're not a day trader.
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01-27-2018, 05:22 PM
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#10 | |
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Fake Nick 1.0
Industry Role:
Join Date: Oct 2005
Location: Rent free, your head
Posts: 27,679
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Quote:
__________________
PLEASE WAIT WHILE BIDEN ADMIN UNINSTALLS ITSELF..... ██████████████████▒ 99.5% complete. |
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01-27-2018, 05:43 PM
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#11 | |
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Too lazy to set a custom title
Join Date: Nov 2002
Location: Earth
Posts: 14,625
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Quote:
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01-27-2018, 08:44 PM
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#12 |
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So Fucking Banned
Industry Role:
Join Date: Jun 2010
Location: Tokyo Red Light District
Posts: 2,145
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I know I'm learning about hot and cold wallets and whether an exchange is competent. XEM foundation is saying they advise coincheck they had to have security on this coin and coincheck ignored them.
@rogueteens - Funny, the analyst who discovered the missing/hidden coins went sailing out her Singapore apartment window after reporting her team's discovery to Bank of Japan. |
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01-27-2018, 09:16 PM
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#13 |
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StraightBro
Industry Role:
Join Date: Aug 2003
Location: Monarch Beach, CA USA
Posts: 56,229
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The bank Mt Gox used was a Polish bank fronted by Russia and then there's this Polish bank regulator used as watering hole site for Polish banks
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