Posts in category

Coincheck


The Japanese government said today that inspections will take place at 15 unlicensed cryptocurrency exchanges in light of a recent major hack. According to the Japan Times, the country’s financial services minister Taro Aso said at a news briefing that on-site inspections will take place at the exchange providers that have filed for licenses but …

0 36

Japan’s Coincheck exchange reinstated Japanese yen withdrawals yesterday and investors are already flocking to take out their funds following the firm’s recent hack. According to a company announcement on Feb. 13, soon after Coincheck partially resumed operations on Tuesday, it had already processed 40.1 billion yen (or $373 million) in withdrawal requests from existing investors. The …

0 38

All eyes are on Japanese cryptocurrency exchange Coincheck in the aftermath of what has become the biggest hack in virtual currency history – eclipsing the Mt. Gox hack of 2014. According to Reuters, Coincheck delivered its report to Japan’s Financial Services Agency (FSA) on Tuesday, Feb. 13 on the hack in January which saw more …

0 40

Ten cryptocurrency traders will file a lawsuit at the Tokyo District Court on Thursday, Feb. 15, against crypto exchange Coincheck over the company’s freezing of crypto withdrawals, Reuters reported today, Feb. 13. The Japan-based exchange had frozen all withdrawals after they lost $530 mln in NEM in a hack last month. The plaintiffs’ lawyer, Hiromu …

0 39

Japanese cryptocurrency exchange Coincheck has announced that it plans to allow users to start withdrawing local currency from their accounts next Tuesday. In a notice posted today, the company – which suffered a notable hack in late January – said (via unofficial translation): “Currently, assets of customers’ Japanese yen are managed safely in customer’s account …

0 35

Japan’s financial watchdog is reportedly planning to conduct more on-site inspections of domestic cryptocurrency exchanges. According to a report from Japan’s Nikkei, the country’s Financial Services Agency (FSA) is looking to inspect several more cryptocurrency exchanges in the country starting as soon as this week, following its visits to Coincheck in the days after its …

0 37

Japan’s Finance Minister Taro Aso has confirmed that authorities inspected the recently-hacked crypto exchange Coincheck for compliance Friday, Feb. 2, to “ensure protection of users.” The country’s Financial Services Agency (FSA) carried out the move ahead of a deadline — set for later this month — for Coincheck to submit an account of the $530 …

0 42

Following its notable $530 million hack, Japan’s financial watchdog is reportedly probing into crypto exchange Coincheck’s finances through an on-site inspection. According to a report from Nikkei, inspectors from the Financial Services Agency (FSA) arrived in Coincheck’s office this morning to examine whether the firm has the financial capability to fulfill its promise that it …

0 43

The hackers who stole approximately $530 mln worth of NEM coins from the largest Japanese cryptocurrency exchange Coincheck on Jan. 26 are now moving some of those coins to different addresses, NEM Foundation vice president Jeff McDonald told Reuters on Tuesday, Jan. 30. According to Reuters, NEM Foundation managed to detect that hackers began sending …

0 39

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 as of Wednesday. Some 500 million XEM were stolen from Japanese cryptocurrency exchange Coincheck last week in what some observers have called the largest exchange hack to date. …

0 38

Everyone, even the biggest skeptics of Bitcoin and other cryptocurrencies have all had their positives to say about the underpinning Blockchain technology which has the potential to change the world. However, it has been 10 years since Blockchain technology came into the open, and yet we still don’t really have a major use for it. …

0 42

Isabelle Mateos Y Lago, chief multi-asset strategist at BlackRock, an investment management corporation with $5.7 trln in assets under management, has said that the company is keeping cryptocurrency under “close review” as an “interesting development.” Speaking to Bloomberg TV Monday, Jan. 29, the senior executive said that although cryptocurrency did not constitute “an investable asset” …

0 46

Following the recent major hack of Japanese cryptocurrency exchange Coincheck, the country’s financial watchdog is taking measures to ensure and improve the industry’s security. The intrusion, which was revealed Friday after the exchange had abruptly ceased most services, saw the theft of about 500 million XEM – the token of the NEM network – worth …

0 43

This week, $534 mln worth of XEM, the native cryptocurrency of NEM, was stolen from a major Japanese cryptocurrency exchange Coincheck. On January 27, merely hours after the hacking attack was announced, developers behind NEM created an automated tagging system to track down the funds stolen by hackers. Stolen funds will be traced As Cointelegraph …

0 38

Japanese cryptocurrency exchange Coincheck has announced Saturday, Jan. 27, that it will issue full refunds to all of the 260,000 of its users who have become victims of the Friday NEM hack. The Coincheck exchange has been hacked yesterday, Jan. 26, resulting in a massive loss of 523 mln NEM coins, worth approximately $534 mln at that …

0 37

The last time a Japanese cryptocurrency exchange was hacked for a record haul, it was a devastating blow to the ecosystem. Arguably, it took two years for it to fully recover. This time, the numbers may be similar, but the crypto markets flinched and took all of a day to bounce back. In this way, …

0 35

Japanese cryptocurrency exchange Coincheck, one of the largest in the country, was the victim of a massive hack resulting in a loss of 523 mln NEM coins, worth approximately $534 mln. The coins were stolen via several unauthorized transactions from a hot wallet at 3:00 am local time on Friday, Jan. 26. Following the hack, …

0 39

Tokyo-based cryptocurrency exchange Coincheck has confirmed that it has suffered what appears to be the biggest hack in history of the technology. In a press conference at 23:30 JST (14:30 UST), the exchange’s president and chief operating officer confirmed that around 500 million NEM tokens then worth around 58 billion yen (approx. $533 million) were …

0 41

Major Japanese exchange Coincheck has announced the suspension of a number of services today, including all withdrawals. The exchange posted on its website early this morning (UTC) that is had stopped most cryptocurrency buying and selling, and halted withdrawals of all cryptocurrencies and Japanese yen (JPY). While it’s not clear at the moment what might …

0 40

Japanese cryptocurrency exchange Coincheck has suspended all withdrawals as a Ripple payment worth $123mln left its wallet Friday, Jan. 26. In what appears to be a problem tied to its support of altcoin NEM, Coincheck, which is among Japan’s largest exchanges, suddenly froze NEM deposits Friday. An accompanying blog post stated: “Depositing NEM on Coincheck …

0 42