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The coins stolen are XEM (https://nem.io/ https://nem.io/) not Bitcoin. They're currently tracking the stolen coins to ensure they are not sold. Preliminary ev
by ReverseCold 9y ago
The coins stolen are XEM (https://nem.io/ https://nem.io/) not Bitcoin. They're currently tracking the stolen coins to ensure they are not sold.
Preliminary evidence suggests that it was a private key stolen and not a network problem.
Disclaimer: Am somewhat associated with the team, and I hold a small amount of XEM.
Feel free to ask questions.
- cal5k 9y agoInteresting. So is the implication here that it was probably an "inside job"? Were the private keys held in cold storage?
- ReverseCold 9y agoFrom the coincheck press conference, no, the only private key was "hot".
- cal5k 9y agoMore information... looks like they only kept their Bitcoin in cold storage. Their altcoins were not. Dear god, the stupidity: https://bitpinas.com/news/coincheck-press-conference-japanese-english-translation/ https://bitpinas.com/news/coincheck-press-conference-japanes...