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Coincheck


Monex Group, the Japan-based online brokerage firm that recently acquired cryptocurrency exchange Coincheck, said it is eyeing the development of its own blockchain platform, with an initial coin offering to follow. In its latest financial filing dated April 26, the firm, which also has U.S. and Asia-Pacific divisions, said its Japanese arm will spearhead the planned blockchain …

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Japanese online brokerage Monex Group has confirmed a deal is in place to acquire cryptocurrency exchange Coincheck, which suffered a major breach early this year. According to Japanese daily The Mainichi, the deal will cost Monex 3.6 billion yen (around $33.5 million). Later this month, the broker will acquire 45.2 percent of Coincheck’s shares from its …

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Japanese cryptocurrency exchange Coincheck, which was the victim of a major heist in early 2018, is to accept a takeover offer from online brokerage Monex Group, a news report indicates. Citing sources on Thursday, Nikkei Asian Review said that, once the deal is complete, Coincheck plans to change the management team in an attempt to rebuild investor …

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Tokyo-based cryptocurrency exchange Coincheck, which suffered a major hack early this year, may soon be under new management. According to Nikkei sources, Monex – an online brokerage firm also based in japan – is considering buying a majority stake in the exchange. Under the possible deal, Monex would reportedly replace the management team and rebuild the Coincheck …

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Experts confirmed that all NEM (XEM) coins stolen from the largest Japanese cryptocurrency exchange, Coincheck, have been transferred out of the hackers’ account, reports NHK World March 22. On Jan. 26, hackers stole $530 mln in NEM cryptocurrency from Coincheck. By Feb. 1, the Singapore-based NEM Foundation managed to ascertain that the hackers were moving …

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Over $6.2 mln (662.4 mln yen) of cryptocurrency was lost in 2017 due to fraud and theft, according to statistics released from Japan’s National Police Agency (NPA), local news outlet Nikkei reports today, March 22. This number does not include the over $500 mln hack of NEM from Japanese crypto exchange Coincheck in late January. …

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While Bitcoin may have revolutionized the way we look at transactions and banking, the brief nine-year existence of cryptocurrencies has been checkered with some monumental hackings and thefts. In a constantly evolving space, Blockchain technology is pushing the envelope while battling against attacks from all sides. Unfortunately, criminality is a reality, but there has been some …

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Japanese crypto exchange Coincheck will stop handling anonymity-centered cryptocurrencies Monero, Dash, and ZCash in the aftermath of the major January hack when $534 mln worth of NEM was stolen from the exchange, Cointelegraph Japan reported today, March 17. The three anonymous currencies will reportedly be bought by Coincheck from customers at a fixed price. The …

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Japanese cryptocurrency exchange Coincheck is starting to refund customers that were affected by the Jan. 26 hack of around $534 mln worth of NEM, as well as allowing the withdrawal and sale of certain cryptocurrencies, according to two press releases published today, March 12, on Coincheck’s website. Withdrawals of the following currencies, Ethereum (ETH), Ethereum Classic …

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Japanese exchange Coincheck is today starting to reimburse victims who lost funds in a hack that saw around $530 million stolen from the platform in January. In a blog post dated Mar. 12, Coincheck said it will refund users at the rate of 88.549 Japanese yen (or $0.83) per NEM token stolen – the same amount …

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Hacked Japanese cryptocurrency exchange Coincheck will return stolen funds to customers “by the end of next week,” it announced March 8. According to a blog post quoted by Cointelegraph Japan, Coincheck, which lost $534 mln in NEM tokens to hackers in January 2018, will also seek to reopen its exchange services by the same deadline. …

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Japanese cryptocurrency exchange Coincheck has announced it will start compensating customers that suffered losses in its January hack starting from next week. In a press conference Thursday, Coincheck CEO Koichiro Wada and COO Yusuke Otsuka said that the platform will release more details of the compensation process in the next few days. The pair also revealed a further …

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The Japanese Financial Services Agency (FSA) has sent “punishment notices” to seven crypto exchanges and temporarily halted the activities of two more after a round of inspections prompted by January’s Coincheck hack, CNBC reports Thursday, March 8. The FSA issued business improvement orders for a lack of “the proper and required internal control systems” to …

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Japanese authorities are reportedly preparing to crack down on cryptocurrency exchanges by issuing “administrative punishment notices” to several and suspending others from doing business. The move, which comes a few weeks after Japanese cryptocurrency exchange Coincheck was hacked, is a response to the country’s Financial Services Agency discovering issues with exchanges’ customer protection and anti-money …

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Two trade groups in Japan’s cryptocurrency industry have agreed to form an as-of-yet unnamed organization next month that will self regulate the local crypto market in conjunction with Japan’s Financial Services Agency (FSA), local news outlet Nikkei Asian Review reports Saturday, March 3. This cooperation in the Japanese crypto sphere comes after January’s hack of …

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Large-cap cryptos may have had a rough ride in February, but their so-called small-cap and mid-cap competitors didn’t fare much better. While bitcoin ended February with marginal gains, and the likes of litecoin and lesser-known DigixDao shined, names like ICON (ICX), NEM (XEM) and cardano (ADA) took a beating as the market turned south, CoinDesk …

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Researchers at the BIG Blockchain Intelligence Group Inc. have traced some of the $534 mln in NEM (XEM) stolen in the Jan. 26 Coincheck hack to a Vancouver-based crypto exchange, according to their March 1 press release. The Japan Communist Party Central Committee’s newspaper also reported today, March 2, that 24 mln NEM coins from …

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132 crypto investors have filed a lawsuit against the Japanese-based crypto exchange Coincheck, seeking 228 mln yen (around $2 mln) in damages, local news outlet Sankei reported Tuesday Feb. 27. Coincheck suffered a major hack in late January that resulted in the theft of more than 523 mln NEM, worth around $530 mln at the …

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Coincheck, the Japanese cryptocurrency exchange that saw major losses in a recent hack, is reportedly being hit by another lawsuit demanding refund of cryptocurrency assets. According to Japanese media outlet Sankei, an additional 132 investors have joined a class action suit filed with the Tokyo District Court on Feb. 27 that seeks a refund of …

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Japanese cryptocurrency exchange Zaif has admitted a “system glitch” allowed customers to temporarily ‘buy’ trillions of dollars worth of Bitcoin for free last week, local online journal The Asahi Shimbun reported Wednesday, Jan. 21. Zaif informed users about the glitch in a post on their site Tuesday, Jan. 20, explaining that for 18 minutes on …

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