$657 Million Leave Coincheck Wallets

Japans largest digital currency exchange froze all their assets, Apple co-founder Steve Wozniak sold all his Bitcoin and VersaBank aims to create blockchains first safety deposit box. coincheck Coincheck, Japans largest cryptocurrency exchange froze all customer assets leaving many investors worried about the state of the exchange.

Reports have indicated over $657 million dollars have left the exchanges wallets early this morning, which has led some to believe that this is a hack. Ripple (XRP) and NEM were the currencies pulled from Coincheck's wallets earlier this morning.

This situation is eerily reminiscent of the Mt.Gox hack a few years ago, and investors in Japan and around the world will be waiting for the first formal comments from Coincheck. Coincheck promised users it would provide full detail in due course, while in the meantime apologizing for the abrupt cut in services. Apple co-founder Steve Wozniak recently revealed all his Bitcoin holdings. Wozniak sold in late 2017 during the period of excitement that sent the currencies price skyrocketing.

When asked why he sold, Wozniak replied with, "I don't want to be one of those people who watches and watches it and cares about the number" – Steve Wozniak, also citing a lack of desire for material wealth.

This is the latest in a string of Bitcoin news in pop culture with Katy Perry and 50 Cent also creating awareness around digital currencies this week. VersaBank, a digital-only bank based in London, Ontario announced this week they'll be launching the VersaVault, a blockchain based digital asset storage system. It's being called the world's first blockchain safety deposit box and it's aiming to keep their client's digital assets safe and secure, and digital currencies are really only the start for VersaBank. In time, they hope to be able to secure any form of digital property for their clients. It's an interesting development from a Canadian bank and we'll have the latest as this project unfolds.

VersaBank trades on the Toronto Stock Exchange under the symbol (VB). 

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