Toki of Fujisaki Market loses entire savings in Cryptocurrency theft

Toki of the comedy duo Fujisaki Market has posted a photo on Instagram and Twitter of his response of losing a lot of money in the largest cryptocurrency theft (the second to hit Japan).

Tokyo-based cryptocurrency exchange Coincheck president Wakata Koichi Yoshihiro and chief operating officer Yusuke Otsuka estatimated that 58 billion yen ($533 million) of NEM tokens were taken from coincheck’s digital wallets.

Otsuka said in the press conference that they know where the funds were sent and are tracing them.

Toki tweeted the following day that he was unable to sleep and just got drunk, drinking the strongest alcohol.

It is not known how much Toki had lost but he said that most of his savings were stolen.

It is emphasized by cryptocurrency users to never keep your cryptocurrency in a hot wallet (as part of the exchange connected to the Internet) and to keep a cold wallet, where cryptocurrency is stored securely offline.

But as Japan is one of the most pro-cryptocurrency trading countries, with the second largest cryptocurrency theft in the world after Mt. Gox, it will be interesting to see how Japanese regulators respond.

Unfortunately, Toki and many people who lost money, may not be able to acquire their coins back.

“In a worst-case scenario, we may not be able to return clients’ assets,” an unnamed Coincheck representative was quoted as saying to Japan’s Kyodo news agency.

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