Cryptocurrency Hacks The Need For Better Protection

The hackers who have stolen hundreds of millions of bones worth of cryptocurrency from a Japanese exchange this month haven't been arrested or indeed linked.

The pinch, which saw unknown bushwhackers steal$ 530 million from Coincheck and another$ 23 million from Monex, highlights how important is at stake when cybercriminals target digital means. The stolen finances were held in the form of NEM coins, a type of cryptocurrency that runs on a evidence- of- significance agreement algorithm.

The incident also highlights how delicate it can be to directly track stolen finances and return them to their due possessors without dismembering the request for stolen goods.