World's largest theft- Euro 380 million worth cryptocurrency stolen

Hackers have stolen £380m worth of a lesser-known cryptocurrency from one among the largest digital exchanges of Japan. As a result, the exchange has suspended deposits and withdrawals for all cryptocurrencies except Bitcoin.

Tokyo-based bitcoin wallet Coincheck said that around 523 million of the exchange's NEM coins were sent to another account. This happened on Friday morning at around 3 AM local time, it added.

Reportedly, the stolen assets were kept in a "hot wallet", a digital storage option connected to the internet. Usually, the assets are kept offline in a "cold wallet".

The bitcoin wallet has claimed of having the digital address of where the stolen cryptocurrency was sent. It is not looking into the possibility of whether the assets can be recovered or not.