Ever since the cryptocurrency market started to enjoy a spectacular growth, exchanges have become an even easier target for attackers. Several exchanges have been targeted by attackers, leading to some people losing important sums in cryptocurrencies.

Now, it appears that a Japanese cryptocurrency exchange was targeted by hackers. The cryptocurrency exchange, Coincheck, announced in a post on Twitter that the attack occurred. Because of the attack, the company was in the situation of having to halt client withdrawals. The decision to stop client withdrawals affects all cryptocurrencies, except for bitcoin.

However, at this point the company revealed nothing much. It just claimed that it will come with a more detailed announcement of the situation in the near future. The president of the NEM.io Foundation confirmed the fact that the hack occurred, mentioning that the hack only affected Coincheck and NEM was not impacted.

Around $400 million were stolen in the hack

It has been reported that a total of XEM 526 million were stolen, meaning around USD 400 million. Of course, the company apologized for what happened:

The hack has drawn a lot of media attention because Coincheck is one of the biggest and best-known exchanges in the country.