Coincheck Hack Update: Statement from NEM.io Foundation President Lon Wong

To the NEM community:

On behalf of the NEM.io Foundation, we want to thank the NEM community for its continued support. The Coincheck failure has impacted all of us, and we share the frustration, sense of loss and violation.

As a community, we were harshly reminded that we are only as strong as our weakest link.

As the foundation, we’ll continue to support and promote the superior blockchain that is NEM.

Come rain or shine, we continue to work on building on the strength of the NEM blockchain and it can only keep going stronger. The XEM trading exchange has had a wake-up call to double-check security measures and deploy all necessary security mechanisms moving forward. Together, we can continue to create a robust ecosystem for the future.

The NEM.io Foundation is a non-profit organization dedicated to promoting the development and adoption of the NEM blockchain solution. We help developers, business users, startups, exchanges, and the community on the use of the NEM technology. Obviously, the activities of any third party are beyond our control.

Lon Wong
President

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