Japenese regulators said today that they will inspect all cryptocurrency exchanges. Last week hackers stole $530 million dollars worth of NEM's from the Japanese exchange Coincheck.
Coincheck however has said they will return 90% with internal funds. The NEM's were stored on hot wallets with no 2 factor.
In my opinion, people must expect to lose money when they have so little care for their assets.
Japenese governments, who are amongst the most positive or least negative towards cryptos said this;
“It’s been long said that cryptocurrencies are a solid system but cryptocurrency exchanges are not,” said Makoto Sakuma, research fellow at NLI Research Institute.
“This incident showed that the problem has not been solved at all. If Coincheck screws up its crisis management, that could deal a blow to the current cryptocurrency fever.”
http://fortune.com/2018/01/29/japan-coincheck-cryptocurrency-hack/
Let's hope Coincheck manages to pull this off without too much drama. And I think the markets are holding up pretty well considering the daily FUD and drama. There hasn't really been any good news lately, and even good coin-news like I mentioned earlier with Ethereum is not enough to drag cryptos out of the mud. All the tax-talk, regulatory talk and general FUD and fuckup by people and exchanges help prices stay low.
Of course this is a good time to buy, and I just bought some shitcoins! I'll write about it later.
All headlines have been saying they would pay back lost funds. Details say 90%?
good news for the holders...
thanks for sharing
Saw you reply on twitter so I gave you a couple upvotes :)
Oh, really? So Twitter DOES work..(damnit!) :) Thanks! I followed you..will check out.
I agree, I think we all know the risks there are, and yet many of us are willing to take the risk and governments do not interfere in the matter.
good news for everybody
waooww !! this is good news for crypto lovers or holders <3 i appreciate your work :) thank you for sharing this amazing information :) I think crypto will be future :) Have a great day
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ETN will give a great profit at the end of october, hope for best!
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