The Coincheck Cryptocurrency Hack: Everything You Need to Know

Hackers have stolen roughly 58 billion yen ($532.60 million) from Tokyo-based cryptocurrency exchange Coincheck, raising questions about security and regulatory protection in the emerging market of digital assets. The following are some questions and answers about one of the largest heists of cryptocurrencies in the history: What Is NEM? NEM is a cryptocurrency launched in March 2015 by a team of five developers identifying themselves as Pat, Makoto, Gimre, BloodyRookie and Jaguar. Its acronym stands for New Economy Movement and, like other cryptocurrencies, markets itself as a digital coin outside the control of governments and central banks, which can […]

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