Sentences with phrase «coincheck did»

Coincheck did not use this system as well.

As such, upon the occurrence of a hacking attack or a security breach, cryptocurrency exchanges often contact the authorities and cooperate with law enforcement to investigate the attack, as Coincheck did last month.

While Coincheck did have this significant loss as a result of theft, the acquisition by Monex Group will only be a good thing going forward with their involvement in the blockchain space.

According to Bloomberg, Coincheck does not have a license from the Japanese financial regulator, but is nonetheless one of the country's most popular cryptocurrency exchanges.

Well, it is clear that Coincheck does not move 70 % of the Bitcoin transactions in the world.

Not exact matches

In a January 26 video, NEM Foundation vice president Jeff McDonald said that he does not want to speculate on whether Coincheck will be able to reimburse all affected parties.

According to McDonald, the vulnerability that made the theft possible had to do with Coincheck's decision to keep the NEM tokens in a hot wallet, which is effectively a storage mechanism connected to the internet.

Japan Needs More Qualified Coders When Coincheck was hacked in January losing $ 530 million worth of NEM tokens the company offered the excuse that it did not...

Coincheck personnel also told attendees that the only assets stolen were NEM tokens; that it intends to work on refunding stolen customer funds, at least in part, though it is not yet sure how it might do this; and that the exchange had not been using NEM's multi-signature smart contract, which could have enhanced security.

Notably, Coincheck emphasizes that the resuming withdrawals do not constitute «compensation relating to NEM's illegal remittance.»

Coincheck has already done so in the wake of the $ 400 million NEM hack.

The country, which has more than 3.5 million digital currency investors, is considered a crypto - friendly location; however, the issue with Coincheck has highlighted to authorities that more needs to be done to maintain a secure industry in Japan.

Coincheck's promise to reimburse the victims has calmed investors, even though the country's regulator has not confirmed whether the company has sufficient funds to do that.

The FSA found out in its probing that security systems at Coincheck were faulty and did not have any anti-money laundering measures.

Among unregistered operators, 16 firms, including Coincheck, conducted operations before the law took effect, and they have been allowed to continue doing so as quasi-operators.

Since the Coincheck heist, in which hackers did away with $ 500 million in cryptocurrencies, the FSA has been actively assessing crypto exchanges operating in Japan.

Do you think that this move will help Coincheck in the future?

However, this did not fully stop the less - than - spectacular news which surrounded Coincheck.

That being said, Coincheck at least will likely receive a notice to raise its system's standards, Nikkei reported, which would be the second time it would be told to do so.

«After hours of speculation, Coincheck Inc. co-founder Yusuke Otsuka said during a late - night press conference at the Tokyo Stock Exchange that the company didn't know how the 500 million tokens went missing, but the firm is working to ensure the safety of all client assets,» Bloomberg reports.

What do you think about Coincheck preparing to resume operations after the recent hack?

Experts: «South Korean Exchanges Woefully Exposed to Hacking Risks» Chosun Ilbo reports that South Korea's cryptocurrency exchanges could be next in line for a major, Coincheck - scale hack if they do not take immediate steps to bolster security.

When asked about the security of cryptocurrencies, Herjavic doesn't think that crypto exchanges themselves are «prone to great security,» referencing the hack of over $ 500 mln in NEM from the Japanese - based crypto exchange Coincheck last month, but that cryptocurrency transactions are secure.

Coincheck was not registered with Japan's Financial Services Agency, but now the exchange is planning to do so.

Do you think the Monex - Coincheck deal will be good for the exchange's customers?

The first TV commercial was done by Japan's largest exchange, bitFlyer, in April, before Coincheck and DMM did theirs in December and January.

Though the Coincheck news did not impact bitcoin directly (no bitcoin was stolen), it does appear to have marked a change in a mainstream news narrative that has breathlessly provided tailwinds for the market since late last year.

It was also revealed that Coincheck was not registered with Japan's Financial Services Agency, but now plans to do so.

With the experience of the Monex group in online brokerage and the hands - on experience of Coincheck in cryptos, do you think Coincheck operations will be better and can clients expect enhanced security?

NEM, its open - source development community, and the NEM Foundation did not have to develop the tagging system for the benefit of Coincheck, specifically because stolen funds on the NEM blockchain network would still have circulated around the network even if they are not recovered.

But, NEM developers have done Coincheck and investors that lost millions of dollars in the hacking attack a tremendous favor by voluntarily creating a solution to a serious problem.

Coincheck first announced it was restricting the trade of NEM tokens but did not provide any additional details at the time.

Because of the technology NEM has developed in light of the recent Coincheck hack, it has become significantly difficult for the hackers to do anything with the funds.

When asked whether they will begin allowing «at least» fiat currency withdrawals soon, Coincheck replied that that will be done after they have determined the best way to proceed.

So why the Coincheck hack didn't create a massive sell off?

What do you think of Japanese exchanges» self - regulation and Coincheck hack?

Still, they did not provide their statements with any pieces of evidence of North Korea's involvement in the Coincheck hack attack.

When Coincheck was hacked in January losing $ 530 million worth of NEM tokens the company offered the excuse that it did not have the staff to maintain the security protocols it had established.

What do you think about Coincheck getting approved as a licensed bitcoin exchange in Japan?