both retreated at least 4%, while Japan’s Remixpoint Inc. Some Asia-listed stocks with exposure to digital currencies fell on Monday. Coinrail trades more than 50 different cryptocurrencies and was the world’s 98th most active venue, with a 24-hour volume of about $2.65 million, according to data compiled by. The statement is the only content available on the exchange’s homepage. The exchange said it has managed to freeze all exposed NPXS, NPER and ATX coins, and that other cryptocurrencies are now being kept in a cold wallet, which isn’t connected to the Internet and is less vulnerable to theft. A hacker managed to funnel out 500 million NEM coins, a value of more than 424 million USD. Coinrail only said that it was cooperating with investigators and other exchanges to try and track down the perpetrators and recover the assets. January 26, 2018, 12:56 PM The Japanese cryptocurrency exchange Coincheck was hit hard Friday. “This is ‘If it can happen to A, it can happen to B and it can happen to C,’ then people panic because someone is selling,” Innes said.Ĭoinrail said in a statement on its website that some of the exchange’s digital currency appears to have been stolen by hackers, but it did not quantify the value. While the latest hacking target - a South Korean venue called Coinrail - is much smaller, the news triggered knee-jerk selling by investors, according to Stephen Innes, head of Asia Pacific trading at Oanda Corp. At the height of the global crypto-mania in early January, they were worth about $830 billion.Įnthusiasm for virtual currencies has waned partly due to a string of cyber heists, including the nearly $500 million theft from Japanese exchange Coincheck Inc. Most other major virtual currencies also slumped, sending the market value of digital assets tracked by to a nearly two-month low of $294 billion. The Tokyo-based exchange was hacked earlier this year, when a staggering 530 million worth of NEM tokens were stolen. A Japanese cryptocurrency exchange called Coincheck has lost currency worth approximately 500. Japanese brokerage firm Monex Group has confirmed the acquisition of embattled cryptocurrency exchange Coincheck for 3.6 billion yen (34 million), scheduled later for this month. in Hong Kong on Monday, bringing its year-to-date loss to 53%. UPDATE 1/29: Coincheck says it will repay approximately 260,000 customers who lost money in the hack. The venues have come under growing scrutiny in South Korea, the US and other large economies in recent months amid a range of issues including thefts, market manipulation and money laundering.īitcoin has dropped 11% since 5 pm New York time on Friday and was trading at $6,784.04 as of 10:21 a.m. The hack brought an abrupt end to two weeks of calm for the biggest virtual currency and reignited concerns about the security of lightly regulated crypto exchanges. Enthusiasm for virtual currencies has waned partly due to a string of cyber heists, including the nearly $500 million theft from Japanese exchange Coincheck Inc. It did not immediately respond to a request for comment sent via Linkedin.A cryptocurrency exchange hack in South Korea jolted holders of digital assets, fuelling a $46 billion rout and extending this year’s Bitcoin slump to more than 50%. Sky Mavis does not give contact details on its website. Ronin is developed by Singapore-based game studio Sky Mavis, which owns Axie Infinity. Mt Gox, another Japanese exchange, collapsed in 2014 after hackers stole half a billion dollars of crypto. In 2018, digital tokens worth $530m were stolen from Tokyo-based platform Coincheck. Last August, hackers behind likely the biggest ever digital coin heist returned nearly all of the $610m-plus they stole from the DeFi site Poly Network. The cryptocurrency arm of Jump Trading said last month it had restored more than $320m to crypto platform Wormhole after the decentralised finance site was hit with one of the largest crypto heists on record. Hacks have long plagued crypto platforms. Most of the funds are still in the hacker’s digital wallet, Ronin said. It said it was working with major blockchain tracker Chainalysis to trace the stolen funds. Ronin did not immediately respond to a request for comment sent via Twitter. Ronin’s users are unable to withdraw or deposit funds on the network, it said. “We are working directly with various government agencies to ensure the criminals get brought to justice,” it said, adding that it was discussing with Axie Infinity how to ensure no users’ funds were lost. ![]() Ronin said it had discovered the hack on Tuesday. Ronin said in a blogpost that the hacker had used stolen private keys – the passwords needed to access crypto funds – to make off with the funds.
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