CoinCheck Hack Exposes Exchange Wallet Risks

 

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Episode #10

Hackers stole over $500 Million USD in the NEM coin from CoinCheck, one of the largest cryptocurrency exchanges operating in Japan.

Japan’s FSA has begun fresh raids on cryptocurrency exchanges operating in the country in an attempt to prevent future incidents.

The Mt. Gox hack, which is still dubiously regarded as the most significant in cryptocurrency trading history, also occurred on the watch of authorities in Japan.

Is it time for a safer cold wallet solution?