Japanese digital currency exchange Coincheck has abruptly frozen withdrawals after confirming a major security breach involving NEM cryptocurrency.
$400 Million Compromised
Coincheck confirmed on Friday that more than $400 million worth of NEM was lost after the tokens were routed “illicitly” outside the platform. The loss was originally reported at more than $700 million, possibly reflecting NEM’s fluctuating value throughout the day. Company officials said 500 million NEM tokens went
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