The Japanese exchange Coincheck hack dwarfs an earlier hack on Bitcoin exchange platform Mt Gox in 2014, which saw the theft of US$ 480 million worth of Bitcoin. (cryptonews.com)
Among the approximate 260,000 people affected by the crypto exchange Coincheck hack were the Virtual Currency Girls, a Japanese pop band which actively promotes cryptocurrencies through its music and performances. (cryptonews.com)
The malpractice of Coincheck of storing funds in a hot wallet and not implementing a multi-signature system ultimately led to the loss of user funds. (cryptotimes.news)