THE world of virtual money has once again been rocked by a massive theft.
On 26 January, hackers broke into Japanese cryptocurrency exchange Coincheck and made off with $534 million-worth of a currency known as NEM, the world’s tenth largest by market value. “This is the biggest theft in the history of the world,” Lon Wong, president of the NEM.io Foundation, told the website Cryptonews.com. Coincheck knocks Mt Gox, another Tokyo exchange, off the top spot: in 2014, Mt Gox collapsed after losing around $400 million in a similar theft.
Coincheck says it kept the NEM coins in a…
