That's not good... :anguished:

Tokyo-based cryptocurrency exchange Coincheck has confirmed that it has suffered what appears to be the biggest hack in history of the technology.

In a press conference at 23:30 JST (14:30 UST), the exchange's president and chief operating officer confirmed that around 500 million NEM tokens then worth around 58 billion yen (approx. $533 million) were taken from Coincheck's digital wallets on Friday, according to new source Asahi.

Tweets from the conference by Nikkei Veritas appeared to indicate that the precise amount stolen may not be fully known until further checks have been carried out into the intrusion.

Coincheck is looking into compensating its customers, its executives also announced.