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Japan: Suspicion of ripple and NEM-theft – Coincheck freeze transactions have


public Coincheck from Japan has blocked since yesterday numerous transactions on their network. In particular, it concerns the Kryptowährung NEM and ripple, although withdrawals in Fiat. The incident is probably a reaction to theft.

While the first CME futures round expires on this day, unknown at Coincheck have a large amount to ripple and NEM cash out. Whether it involves regular transactions or an assault or theft, is not sure. In response to the large transactions, Coincheck but froze all transactions.

As you can see from her blog, Coincheck has enacted far-reaching restrictions on transactions since last night. Initially, the Japanese stock market has blocked deposit of NEM. It was initially impossible to transfer the Kryptowährung to Coinbase, users any deposits would not appear therefore in the wallet. Until further orders on users should refrain from making further deposits.

Immediately after was blocked also the trade in precious metal, so it is not possible, to the Kryptowährung to buy or sell. In the course of the night, Coincheck has then expanded the restrictions. So, they have completely blocked all withdrawals in Fiat. Only the purchase of Bitcoin is currently possible. Altcoins trading is currently not possible.

Coincheck listed a large ripple transaction

as you can see the ripple-transaction history, were from the Coincheck wallet shortly before the announcements a sum of 101.265.057 ripple in the value of approximately $ 123.5 million traded.

Also have taken unknown the NEM market worth US$ 600 million. Rumors that it could be a hacker attack are circulating at the moment on Twitter :

confirmed this news is not. The ripple, as well as the precious metal price have fallen since yesterday. Even if the message should probably lead to FUD, as always we discourage our readers of panic reactions. Keep calm.


Phillip Horch Phillip

 Phillip Horch Horch has completed his master’s degree in literature-art media at the University of Konstanz in the October 2017, and has since worked as a freelance journalist. Already during his studies, he has written for various magazines and now taking hold in Berlin. In the focus of his journalistic work, particularly the opportunities and challenges are so that it deals with the complex subject of Blockchain and Kryptowährungen for some time.

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