Cryptocurrencies

Massive Cryptocurrency Heist Spurs Call for More Regulation

  • Coincheck says it was hacked, will reimburse customers
  • Regulators are grappling with booming crypto markets
Tokyo-based Coincheck was hacked and lost almost $500 million. Bloomberg’s James Mayger reports.(Source: Bloomberg)
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At 2:57 a.m. on Friday morning in Tokyo, someone hacked into the digital wallet of Japanese cryptocurrency exchange Coincheck Inc. and pulled off one of the biggest heists in history.

Three days later, the theft of nearly $500 million in digital tokens is still reverberating through virtual currency markets and policy circles around the world.