Through means currently unknown, approximately 500 million NEM tokens were exfiltrated from leading Japanese cryptocurrency exchange Coincheck, valued at approximately $400 million. Coincheck, a trading exchange in Tokyo, is said to have lost a massive 58 billion yen ($534 million) in the virtual heist, Japan’s national broadcaster NHK reported on Friday

On its website, Coincheck said had suspended withdrawals of almost all cryptocurrencies. The reported loss tops the $441.6 million that Mt. TechCrunch describes the currency as a “distributed ledger platform primarily aimed at enabling payments and other financial services.”

The hack appears to be roughly the same scale as the 2014 Mt Gox theft, in which thieves made off with $400 million in bitcoin, causing the Japanese coin exchange to file for bankruptcy.
Hackers steal $535 million worth of the NEM cryptocurrency from Japanese exchange Coincheck.