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Crypto's Biggest Hacking Victim Is Plotting a Comeback


Kargai

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Posted

Few months ago we saw the japan exchange Coincheck being hacked and at the end of the day losing more than 500 millions $ (lots of users withdrew their funds as soon as they learn about the problem) and seeing the trading activity dropping by 95%.

But they don't plan to back off, they plan the opposite : a comeback ("Coinchek 2, the return"). First they were bought by Monex Inc and so have a new team leading the project, than they improved their security (after being hacked, genius move, yea yea) and they will have a japanese license in the next few weeks. They also plan to expand in the US later.

The new owner is Oki Matsumoto who worked at Goldman Sachs until the end of the 90's and left to launch Monex, who is now a 1 billion $ valuation company. He discovered BTC in 2013 and was a user of Coincheck before the hack. In fact the old CEO of Coincheck helped him putting in place a BTC paiement method in one another society of Matsumoto (a restaurant).

Source : http://fortune.com/2018/05/18/crypto-cryptocurrency-hack-coincheck/

Posted
13 hours ago, Kate said:

So basically what this means is.

1. Withdraw your funds from exchanges 

2. Use exchanges only when the trade will be made instant

3. DON'T use exchanges lol 

:P

Just Kidding but be careful guys use exchanges that are very secure 

That's what we must do since the start. But we are too lazy to withdraw and sent everytime for a single trade and to tightfisted to pay fees everytime ^^

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