Some 500 million XEM were stolen from Japanese cryptocurrency exchange Coincheck last week in what some observers have called
the largest exchange hack to date.
For instance, if there is
a large exchange hack or some government ruling in the short term you can probably guess bitcoin's price will go down a touch.
Not exact matches
Another person summarized: ``: fire:: fire:: fire:: fire: NOBODY PANIC: fire:: fire:: fire:: fire:» Many drew comparisons to Mt. Gox, a Japanese virtual - currency
exchange — once the
largest of its kind — that had collapsed in a catastrophic $ 460 million
hack two years prior.
Japanese cryptocurrency
exchange Coincheck confirmed that some $ 524 million worth of digital coins had been stolen — likely making it the
largest single
hack on an
exchange, even outweighing the Mt. Gox breach of 2014.
There were scandals such as the
hacking and bankruptcy of Mt. Gox, one of the
largest bitcoin
exchanges in the world.
At the start of the month, Bithumb, the fourth
largest cryptocurrency
exchange in the world was
hacked.
The lack of detail that Bitfinex provided about the
hacking drove away some
large customers, such as Arthur Hayes, the founder of Bitmex, a Hong Kong - based virtual currency
exchange.
One of the
largest exchanges in the world, Bitfinex, has been
hacked numerous times and provides little transparency about where it is keeping its money.
After Japan's second
largest cryptocurrency
exchange, Coincheck, was
hacked, the Japanese government began to place even more emphasis on security measures for the cryptocurrency market.
According to the message, Coincheck, one of many
largest Japanese cryptocurrency
exchanges was
hacked.
Coincheck, one of the
largest cryptocurrency
exchanges in the country got
hacked.
But with every new blockchain glitch and
exchange hack, useful cryptocurrency investors see a need for financier protections that might only be probable with
larger supervision oversight.
The Japan - based Mt.Gox crypto
exchange had been the
largest in the world until a February 2014
hack led to the loss of around 850,000 BTC.
One of Japan's
largest cryptocurrency
exchanges has halted all withdrawals amidst rumors of a
large - scale
hack.
Bitcoin shed some of its recent gains today, dropping over 10 % on the back of rumors that Binance, one of the world's
largest crypto
exchanges by trading volumes, has been
hacked.
In Japan, regulators have tightened their grip after the
large crypto
exchange Coincheck suffered one of the digital currency industry's worst - ever
hacks in January.
In Japan, a
large virtual currency
exchange, Coincheck, was
hacked in late January and lost nearly $ 500 million worth of a virtual currency known as NEM, raising questions about the relatively untested security practices of virtual currency
exchanges.
Despite suffering the second
largest hack in bitcoin history (after Mt. Gox), Bitfinex continues to be one of the world's most highest - volume
exchanges to this day.
This move was ostensibly a reaction to the $ 500.0 - million NEM
hack that took place at a Japanese
exchange last month, but it also comes as part of a
larger cleanup effort from the FSA.
It doesn't include
large - scale thefts from
exchanges like the Bitfinex
hack, so it likely underestimates the true damages by many orders of magnitude.
Decentralized
exchanges do not rely on a third party service to hold a user's funds, making them less vulnerable to
large hacks.
Binance is notably considered one of the
largest cryptocurrency
exchanges in the world and recently experienced a
hacking incident.
This was done especially in the backdrop of Bithumb, the
largest crypto
exchange of South Korea being
hacked twice this fiscal.
Japanese cryptocurrency
exchange Coincheck confirmed that some $ 524 million worth of digital coins had been stolen — likely making it the
largest single
hack on an
exchange, even outweighing the Mt. Gox breach of 2014.
Following one of the
largest hacks in the history of cryptocurrency, Japanese cryptocurrency
exchange Coincheck has
One of South Korea's
largest exchanges, and the victim of a recent
hack, Bithumb has yet to issue guidance.
Following one of the
largest hacks in the history of cryptocurrency, Japanese cryptocurrency
exchange Coincheck has announced that it will comply with an order from Japan's Financial Services Agency to improve its business operations.
Binance, one of the
largest cryptocurrency
exchanges by volume, has received numerous reports of suspicious activity due to a possible
hack on March 7.
The Coincheck
hack was one of the
largest thefts of cryptocurrency in the world since Mt. Gox, another Tokyo
exchange, was brought to its knees by hackers in 2014.
If confidence in the Bitcoin market is suddenly and drastically reduced — for example, if a major government declared Bitcoin use illegal, or one of the
largest Bitcoin
exchanges was
hacked and lost all of its stored value — the value of the currency will crash and investors will lose huge amounts of money.
The price of bitcoin fell sharply today exacerbating an already ongoing decline as global market participants reacted to news that one of the
largest digital currency
exchanges had been
hacked.
The
hack is one of the
largest in history, falling nonetheless around $ 320 million behind the infamous Mt. Gox
exchange heist in 2013.
The
Hack is Revealed In the past, BitGrail
exchange was one of the
largest trading hubs for the RaiBlocks cryptocurrency, which has since rebranded to «Nano.»
Following one of the
largest hacks in the history of cryptocurrency, Japanese cryptocurrency
exchange Coincheck has announced that it will comply with an...
That may be a point of relief for many investors, as some of the world's
largest exchanges have been
hacked at some point (such as Bitfinex, Bithumb and OKEx).
According to the South Korean intelligence agency, the North is involved in the
hack of Bithumb, the country's
largest cryptocurrency
exchange.
As Cointelegraph reported on March 8, multiple reports concluded that the current cryptocurrency downturn since late December is a result of a $ 400 mln sell - off between December and February by the attorney and bankruptcy trustee of Mt.Gox, formerly the
largest Bitcoin
exchange in the world, before it went bankrupt in 2014, following a major
hack.
Moreover, earlier this year, another major crypto
hack worth $ 500 million and probably the
largest in the history of cryptocurrencies, was reported by Japanese cryptocurrency
exchange Coincheck.
A Shinhan spokesperson explained that the bank intends to provide a secure and insured platform in which customers of South Korean Bitcoin
exchanges can store their funds in, given that Bithumb, South Korea's
largest cryptocurrency
exchange, was
hacked twice this year.
Despite Japanese
exchange Coincheck being
hacked for $ 530 million last month, the country has become the world's
largest bitcoin trading market, with the yen accounting for 63 % of global
exchange.
Cointelegraph.com writes: «Bithumb, which is the
largest exchange globally at $ 2.85 [billion] daily trading volume as of press time, was
hacked in February 2017, losing about $ 7 [million] in mostly Bitcoin and Ether.
The price of Bitcoin and other major cryptocurrencies has sunk in the past 24 hrs after the
largest exchange in the world by trading volume was
hacked.
On August 2nd, Bitfinex, by some metrics the
largest Bitcoin
exchange in the world, was
hacked and 199,756 bitcoins (~ $ 72m) were stolen.
NEM tokens investors have a reason to celebrate after Japan's Financial Services Agency ordered its
largest cryptocurrency
exchange, Coincheck to repay investors the $ 530 million worth of NEM tokens that was lost in a
hack in late January this year.
, I've also worried about the
large number of reports we've had in recent months and years of Bitcoin
exchanges (the online sites that handily keep hold of your wallets) being
hacked or simply folding... (continued)
The agency began inspecting all crypto
exchanges after the
hack of Coincheck, one of Japan's
largest crypto
exchanges.
In July, the country's
largest bitcoin
exchange, Bithumb, was
hacked and the personal information of over 30,000 customers was leaked.
The
largest decentralised Ethereum
exchange has had their DNS server
hacked.
Coincheck experienced a $ 530 mln
hacking attack as reported by Cointelegraph and yesterday, the
largest Nano (RaiBlocks)
exchange BitGrail experienced a security breach.
This marks the
largest cryptocurrency theft in history, surpassing the 2014
hack of MtGox — a Tokyo - based
exchange that collapsed after losing $ 400 million.