Co-founder Yusuke Otsuka said the company didn’t know how the 500 million tokens went missing. Photo: APTokyo/Singapore: The disclosure that one of Japan’s biggest cryptocurrency exchanges lost about $400 million in NEM tokens is spooking investors in a country still wary of such venues four years after the collapse of Mt. Co-founder Yusuke Otsuka said the company didn’t know how the 500 million tokens went missing, and the firm is working to ensure the safety of all client assets. Coincheck said earlier it had suspended all withdrawals, halted trading in all tokens except bitcoin, and stopped deposits into NEM coins. He wrote that he has an investment of more than ¥10 million worth of bitcoin in Coincheck.

Source: Mint January 27, 2018 07:18 UTC