Late last week, the Tokyo-based Coincheck exchange reported a 58 billion yen (0 million) loss of crypto currency due to hacking. Late last week, the Tokyo-based Coincheck exchange reported a 58 billion yen ($530 million) loss of crypto currency due to hacking. The Coincheck exchange has halted trading of the stolen currency, NEM and restricted dealings in most other crypto currencies. It was the second major hacking assault on a Japanese crypto exchange after the Mt Gox debacle in 2014. Such efforts however will not help identify hackers if they send crypto currencies to exchanges outside Korea that do not identify their users.

Source: Indian Express January 29, 2018 13:07 UTC