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Title: biggest cryptocurrency hack in Japan: CoinCheck will refund most of the money Post by: junoreactor on January 29, 2018, 12:51:45 PM Full article (http://www.independent.co.uk/news/business/news/bitcoin-latest-updates-coincheck-hack-crytocurrency-refund-stolen-money-japan-a8182971.html)
Coins stolen (NEM) were stored in a hot wallet, rather than a cold wallet. 90% will be refund by the exchange. Sounds like a major mistake from CoinCheck here and good thing they have the funds available because I doubt insurance companies would refund in a case like this one (if insurance companies accept to work with such exchanges in the first place). Title: Re: biggest cryptocurrency hack in Japan: CoinCheck will refund most of the money Post by: Turkish88 on January 29, 2018, 12:55:31 PM I think exchange go to these step, after releasing new marking system by XEM developers.
All stolen XEM's was marked and cant be spent now Title: Re: biggest cryptocurrency hack in Japan: CoinCheck will refund most of the money Post by: MadGamer on January 29, 2018, 01:09:28 PM Regardless of whether the funds can be sent by hackers or not, this is another reason on why you should never store your money in exchanges and please don't tell me people were trading that huge amount the exact minute the hack happened. The losses could've been much less If people only sent the funds they wanted to trade and withdrew immediately afterwards.
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