[kictanet] World's biggest ever digital currency 'theft'

[Victor Kapiyo]

Dear Listers,

One of Japan's largest digital currency exchanges says it has lost some
$534m (£380m) worth of virtual money in a hacking attack on its network.

Coincheck suspended deposits and withdrawals for all crypto-currencies
except Bitcoin as it assessed its losses in NEM, a lesser-known coin. If
the theft is confirmed, it will be the largest involving digital
currency. Another
Tokyo exchange, MtGox, collapsed in 2014 after admitting that $400m had
been stolen from its network.

Read more: http://www.bbc.com/news/world-asia-42845505#

What lessons can we learn from this?

Regards,


*Victor Kapiyo*
Partner | *Lawmark Partners LLP*
Advocate of the High Court of Kenya, Commissioner for Oaths & Notary Public
*Suite No. 8, Centro House, Westlands, Nairobi | **Web: www.lawmark.co.ke
<http://www.lawmark.co.ke> *
====================================================

*“Your attitude, not your aptitude, will determine your altitude” Zig
Ziglar*
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