Coincheck Hack Update: Statement from NEM.io Foundation President Lon Wong
To the NEM community,
On behalf of the NEM Foundation we want to thank the NEM community for its continued support. The Coincheck failure has impacted all of us, and we share the frustration, sense of loss and violation.
As a community, we were harshly reminded that we are only as strong as our weakest link.
As the foundation, we’ll continue to support and promote the superior blockchain that is NEM.
Even as we go through these hard times, the open source community work on the NEM blockchain keeps going strong. The XEM trading exchange has had a wake-up call to double-check security measures and deploy all necessary security mechanisms moving forward. Together, we can continue to create a robust ecosystem for the future.
The NEM.io Foundation is a non-profit organization dedicated to promoting the development and adoption of the NEM blockchain network. We help developers, business users, startups, exchanges, and the community. Obviously, the activities of any third party are beyond our control.
Lon Wong
President
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