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Detail Analysis

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Date:

Status:

Count:

Contributor:

January 26, 2018

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Verified

1

zerofriction.io

Loss Amount:

400,000,000

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Recovered Amount:

-

Currency:

Dollars, NEM

KYC By:

Audit By:

None

None

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Website:

No data

Twitter:

No data

Discord:

No data

Telegram:

No data

Medium:

No data

Github:

No data

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Key Indicators

Platform:

Type:

Category:

Method:

Coincheck

Exchange

Assets

Poor Key Management

Extended Method:

Private key leak, hot wallet, Lazarus hacking group

Data Sources:

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A Japanese cryptocurrency exchange has claimed it lost more than $400 million in tokens following an alleged hack on its service. Unidentified assailants stole 523 million NEM coins (about $400 million) from the exchange's hot wallet. According to Coincheck, NEM coins are kept on a single-signature hot wallet instead of a more secure multi-signature wallet, and the stolen coins are confirmed to be Coincheck customers.

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DISCLAIMER: While Zero Friction LLC has used the best efforts in aggregating and maintaining this database, Zero Friction LLC makes no representations or warranties with respect to the accuracy or completeness, and specifically disclaim any implied warranties of merchantability or fitness for any particular purpose. 

Under no circumstances, shall Zero Friction LLC be liable for any loss of profit or funds, any regulatory or governmental penalties, any legal costs, or any other commercial and non-commercial damages, including but not limited to special, incidental, consequential, or other damages from any or all usage of the dataset or information derived from our database.