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To this day, Tokyo-based Coincheck has started distributing repairs to users affected by the famous $ 530 million flight. at NEM.

With an announcement on his site today, Coincheck began to repay funds – in JPY – on account balances of users who held NEM at the time of the flight on January 26 . The repayment value will be at a fixed rate of 88,549 Japanese yen, approx. $ 0.83 per NEM token stolen at that time. That’s more than twice the current trading value of the NEM XEM token, at just under $ 0.40 at the time of publication.

The theft of more than 500 million NEM from the purse of the exchange, now considered the biggest cryptocurrency piracy of all time, has been confirmed by the leaders of Coincheck when 39, a dramatic press conference on January 26, 1945. in Tokyo.

Immediately after the attack, Coincheck promised to reimburse the customers affected by the robbery. The claim was repeated at a press conference last week where the general manager and chief of operations of the company described the compensation plan on a day when the exchange was spoiled by an “order”. “Commercial improvement” of the Japanese financial regulator.
While Coincheck executives have hinted at a possible malware-related compromise leading to theft, a report from Nikkei today revealed more details about the intrusion that began with e-mails. Phishing against the employees of Coincheck


Citing a source close to the ongoing investigation of the Tokyo Metropolitan Police Department – more than 100 police officers would be deployed to investigate the case – emails in English supposed to be an internal message deployed malware, allowing an external attacker to gain access to the computer (s). Coincheck computers then began transmitting data to external servers in the United States and Europe for weeks until midnight on January 25th. The intruder then has access to the Coincheck server containing the private key of his hot NEM wallet before siphoning over 500 million tokens.

Coincheck, which is now mandated to submit a written business improvement plan to the Japan Financial Services Agency before March 22, also resumes withdrawals and exchanges of cryptocurrencies, including ETH, ETC , XRP, LTC and BCH.

Image from Shutterstock to photo

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