Analysis: Could the Coincheck Hack Change Global Crypto Regulation Forever?

[kreslik.news]

What Happened?

On Friday, January 26, Japanese exchange Coincheck revealed that an unidentified thief had stolen more than $500 million worth of NEM tokens, worth about $0.94 apiece at the time of the attack. Roughly eight hours had passed before the exchange noticed that its NEM reserves had been severely diminished at 11am on Friday.

Following the revelation, Coincheck sent the following message to its users:

[i]“Depositing NEM on Coincheck is currently being restricted. Deposits made to your account will not be reflected in your balance, and we advise all users to refrain from making deposits until the restriction has been ... (read more)