Japanese Cryptocurrency Exchange Hacked: $530 Million Lost

The incident is already reported to the police and Japan’s Financial Services Agency.

A major cryptocurrency exchange in Tokyo called Coincheck has been hacked losing about $534 million ( about 58 billion yen) of virtual money, according to national broadcaster report NHK.

On Friday afternoon Coincheck posted, that it had suspended withdrawals of almost all cryptocurrencies.

The exchange has already reported the incident to the police and to Japan’s Financial Services Agency, NHK said.

Tokyo-based Mt. Gox, which handled 80 % of the world’s bitcoin trades, filed for bankruptcy in 2014, after losing 850,000 bitcoins with 500 million U.S. dollars and a $28 million from its bank accounts.