![]() He’s supposed to have 500M XEMs in his Coincheck wallet. 今見たら1XEMしかなかったよ。どうしちゃったのCCさん /Yz2UJOf2XCįor the user above, he wondered why there’s only 1 XEM in his account. In Japan, users began noticing that their XEMs are missing from Coincheck: Without an official explanation, users are left guessing as to what exactly happened.Īs of press time, the value of NEM has dropped as per the data from Coinmarketcap. However, Coincheck notes on its security pagethat the users’ bitcoins are stored in cold storage. Since Coincheck is not yet licensed as an official virtual exchange by Japan’s Financial Services Agency, there is a question of how the investments are secured if an emergency event such as this one occurs. The article did not clarify which coins are being pertained to. Yamamoto noted that other coins have also been stolen and that NEM is currently investigating. Ichiro Yamamoto, a famous writer from Yahoo Japan, Coincheck should have recognized the incident by 2:00 pm because they contacted the NEM Foundation around 2:40 pm (Japan Time). Not sure what exactly happened but this is not looking good so far. Now they have stopped withdrawal/deposit of all coins as we as JPY and trading of altcoins altogether. Initially, XEM deposit/withdrawal was suspended. But it's not been confirmed officially yet so be warned about FUD and misinformation until the details come out. There is a rumor that coincheck, the biggest crypto exchange in Japan, has lost up to 600 million USD worth of XEM in a hack. Koji Higashi notedthat all altcoin trading is halted at Coincheck, although bitcoin trading still continues. When inquired, Coincheck’s only response is that users wait for an official announcement soon. In a matter of minutes, the company raised its warning, advising users not withdraw XEMs temporarily. ![]() ![]() ![]() The exchange site further released a statement around 12:38 pm (JP Time) asking everyone to also refrain from trading XEM. The initial advice is to refrain from depositing XEM in user accounts. 3 Coincheck Not Yet Licensed by the FSAĬoincheck announcedon its blog its decision to restrict NEM trading after reports surfaced of deposits not being reflected in the users’ accounts. ![]()
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