NEM.io Foundation Response to $530 Million in XEM Stolen from Coincheck
NEM.io Foundation Response to $530 Million in XEM Stolen from CoincheckThis week, $534 million worth of XEM, the native cryptocurrency of NEM, was stolen from Japanese cryptocurrency exchange Coincheck, one of the largest in the country. Here’s the official statement from NEM.io Foundation Vice President Jeff McDonald with the recent massive hack:The NEM Foundation is working on solutions to do the most we can to help CoinCheck and also ensure the NEM community is protected. Due to the nature of NEM’s architecture and its advanced API, we are currently reaching out to exchanges and exploring three different options. Due to the exact nature of these options and the security concerns around them, we have no further comment on how we are actively working to address this situation at this time. We hope everyone can understand that while we believe the community deserves to know everything we are doing, we also believe it is in the community’s best interest to not publicly discuss the full detail our actions considering the security needed around our solution.