NEM (XEM) price surges in the wake of Coincheck’s reimbursement announcement: NEM.io founder Lon Wong issues a statement
|- NEM price surges by over 9%, CEO Lon Wong in support of the NEM blockchain.
- XEM/USD suffered immensely after the hacker attack with its price plummeting to December lows.
NEM (XEM) price is on an upward roll on Thursday after Coincheck cryptocurrency exchange announced that it was going to start reimbursing customers who lost their funds in the $530 million hack in January. The CEO and founder of NEM.io, Lon Wong has issued a statement thanking the NEM community for being supportive. The attack negatively impacted XEM/USD price. The CEO said that they share in the frustration, sense of loss and violation of Coincheck and the investors.
He added that as a community, they are reminded that one can only be as strong as the weakest link. He said that is fully committed to the success of the superior NEM blockchain. XEM has been awakened to ensure that the highest levels of security are attained, and NEM continues to create the most robust ecosystem for the future of blockchain.
XEM/USD price is up more than 10% to trade at $0.34 today and seems to be reacting to the news from Coincheck as well as the CEO. The image of NEM suffered immensely after the hacker attack as the price dropped to lows before December 2017. XEM is trading above the 100-simple moving average on the intraday chart.
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