Japanese cryptocurrency exchange Coincheck said it would repay customers after falling victim to one of the world’s biggest heists.
The company said its systems were penetrated by a hacker in the early hours of Friday morning. The intruder made off with 523m units of the cryptocurrency XEM belonging to 260,000 customers.
The $500m hack shows the vast sums being made and lost in the cryptocurrency boom, the vulnerability of decentralised money to theft and the wild west criminality that is possible in the new world of blockchain.
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