No NEM holdings affected in Zaif crypto exchange security incident, NEM.io Foundation clarifies

The NEM.io Foundation, creators of the peer-to-peer NEM blockchain platform for payments, messaging, asset making and more, has issued an official statement in the wake of the recent hack of the Zaif crypto exchange.

“The NEM blockchain platform itself remains secure, and all NEM mobile wallets and NEM Nano wallets also remain secure and intact,” the foundation said.

In its official statement, Zaif said that only Bitcoin, Bitcoin Cash (BCH) and MonaCoin (MONA) holdings were compromised in this hack.

While NEM is traded on Zaif, the NEM.io Foundation said that no NEM holdings are believed to be affected at this time, adding that NEM incorporates multi-signature technology as an added layer of security to protect the NEM cryptocurrency and blockchain from rogue hackers.

“The Zaif hack is most unfortunate. This is a reminder for the entire cryptocurrency community that it’s critical to practice proper security measures to protect funds. This includes using multi-factor authentication and hardware wallets,” commented Alexandra Tinsman, Global Spokesperson for the NEM Foundation. “Anyone trying to withdraw cryptocurrency from Zaif right now will find it’s temporarily suspended as Zaif goes through regulatory authorities’ investigation process, but users can rest assured that no NEM or Mosaic funds were compromised.”

Users can withdraw/deposit XEM, ETH, CMS:XEM and CMS:ETH. However, Zaif has stopped withdrawals and deposits for BTC, MONA, BCH and CounterParty tokens (ZAIF, XCP, BCY, SJCX, FSCC, PEPECASH, CICC, NCX). Zaif has also contacted the Bureau of Finance and investigative authorities regarding these issues. The Zaif team is working toward rebooting its servers in parallel to increasing security check measures and other server reconstruction.