Coincheck Has Now Reinstated All Cryptos After January Hack - CoinDesk
November 26, 2018 12:00 PM Discuss Japanese crypto exchange Coincheck, which suffered a $533 million hack in January, has now reinstated services for all listed cryptos on its platform. Monex Group, the Japan-based online brokerage firm that acquired Coincheck following the hack, announced Monday that the exchange has resumed depositing and purchasing services for the XRP and factom (FCT) tokens. The news means Coincheck has now resumed services for all nine cryptocurrencies available for trading at the time of January's hack. These include, aside from the two mentioned above: bitcoin (BTC), ethereum (ETH), ethereum classic (ETC), litecoin (LTC), bitcoin cash (BCH), NEM (XEM), lisk (LSK). Support for ETH, XEM and LSK was added only two weeks ago.
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Story of Coincheck: How to Rebound After the Biggest Theft in the History of the World
April 03, 2018 10:37 PM Discuss The biggest single exchange hack ever happened in Japan, following in the path of the former record holder, Mt. Gox Recap of the biggest single exchange hack that ever happened in Japan, following in the path of the former record holder, Mt. Gox Those who held Bitcoin through the Mt. Gox hack of 2014 experienced one of the most tumultuous times in cryptocurrency history, having seen some of the darkest days in the ecosystem. However, Mt. Gox has been overtaken as the biggest single exchange hack with Coincheck, also a Japanese exchange, taking the title. While thieves walked away with a bigger payday from the recent hack, the effect on the entire cryptocurrency market was far less severe. Were there lessons that have been learnt from previous hacks Or perhaps the market has become more secure and steady in the light of major tragedies.
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Coincheck Starts Crypto Hack Refunds, Allows Limited Trading - CoinDesk
March 12, 2018 7:00 AM Discuss 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 as stated in its initial compensation plan to the accounts of customers who held the token at the close of Jan. 26, Japan time. As reported before, Coincheck first confirmed the hack on Jan. 26, confessing that around 523 million tokens had been stolen. Based on the compensation plan, users will see a combined payout of $420 million.
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Latest News on Coincheck | Cointelegraph
January 11, 2016 8:11 PM Discuss Coincheck is a Bitcoin wallet and Japanese cryptocurrency exchange platform established in 2014. The Coincheck exchange services provide exchanges between fiat currencies and Bitcoin or Ether. Coincheck is a member of the Japan Blockchain Association and is one of the major developers of cryptocurrency usage standards for the Japanese government. Coincheck fell victim to a hacking operation, which is now recognized as one of the largest cryptocurrency exchange hacks. 500 million NEM tokens were stolen from Coincheck in January 2018, amounting to around $520 million in losses. Although all 260,000 users who were victims of the incident were repaid, the Coincheck hack triggered changes in the cryptocurrency industry, forcing exchange platforms to improve their security systems and provide governments with an opportunity to reinforce a regulatory framework on the industry.
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