ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Coincheck CEO Koichiro Wada, left, and COO Yusuke Otsuka bow in apology at a news conference on Jan.26.
Cryptocurrencies

Sloppy management was behind the Coincheck cryptocurrency hack

The Japanese digital money exchange failed to insulate its customers' assets from networks

| Japan

TOKYO -- The massive theft of digital money at cryptocurrency exchange Coincheck was due to sloppy management, which left a huge amount of customers' money at risk at Japan's second-largest cryptocurrency exchange.

Some 58 billion yen ($533 million) in NEM cryptocurrency tokens was taken from customers' digital wallets Friday. 

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more