The leading non-profit behind the NEM blockchain is seeking $7.5 million in emergency funding to keep the lights on.
The 58 billion yen worth of XEM tokens are on the move, according to the NEM Foundation, but no attempt to sell them on exchanges has been made.
The NEM Foundation is mapping out its survival plans in real time after a funding injection of roughly $8 million last month.
Though the Coincheck theft may superficially resemble 2014's Mt. Gox hack, the impact on cryptocurrencies is not nearly as significant.
Japanese exchange Coincheck has confirmed that about $533 million-worth of cryptocurrency has been stolen from its digital wallets.