RE: Visualizing History's Biggest Crypto-Heists
"Quinn Chuck" and the theft of 523 million coins from Neem, worth $ 534 million, Queen Chuck announced that it will return all amounts to all its 260,000 users who have fallen prey to the predators.
Exchange representatives disclosed that the funds were stored on a single-secured Internet-connected portfolio, which created a relatively low security environment.
The company is still studying the exact and systematic timing of the process. However, it has already announced that the compensation for each NEM currency will be JPY 88.549, the weighted average exchange rate during the trading period until the last announcement.
In addition, Queen Chuck reiterated its intention to continue its business, rather than declaring bankruptcy.
Neem currency theft is the biggest breakthrough in digital currency history since the collapse of MTJOX, which also occurred in Japan.
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Cincheck pledged more than 46 billion yen ($ 423 million) of its own money to customers who lost their holdings of the NEM default currency. The company stopped trading after monitoring a breakthrough for its digital trading operations. Reports indicate that about 260,000 customers were affected by the breach