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Money

Coincheck in Tokyo Loses $400-Million in Cryptocurrency Heist

January 30, 2018 Endgadget 0

Japan: A cryptocurrency exchange called Coincheck was hacked on January 25 and lost $534-million in NEM tokens, a lesser-known cryptocurrency. This loss is higher than the Mt. Gox theft of 2014. Coincheck says it will use its own money to reimburse all 260,000 affected users, though it didn’t specify when it will start disbursing funds.