Sentences with phrase «coincheck exchange hack»

Coincheck exchange hack: 523 mln NEM were stored on a single - signature hot wallet, staff «deeply regret» what happened.

Though true in some instances, considering the recent BitGrail exchange failure and Coincheck exchange hack, recommended practices typically include storing cryptocurrency on wallets to which each individual controls his or her own private keys, and opting for hardware wallets for an added security layer.

NEM has been lately in the news because of the Coincheck exchange hack.

Featured The half billion dollar Coincheck exchange hack is still working its way through the ecosystem, carrying implications of all sorts.

The Coincheck exchange hack sent shockwaves through the crypto community, and analyst Nicholas Colas says to expect more such hacks in the future.

Not exact matches

The price of Bitcoin has seen a roughly 5 % bump in the last day, and the cause appears to be a potential rescue for the hacked cryptocurrency exchange Coincheck — from financial services company Monex.

Japan's Financial Services Agency told Coincheck to get its systems in order after the hack — the exchange had been storing customer assets in an internet - connected «hot wallet,» which is something of a security no - no.

Japanese cryptocurrency exchange Coincheck confirmed that some $ 524 million worth of digital coins had been stolen — likely making it the largest single hack on an exchange, even outweighing the Mt. Gox breach of 2014.

What may also be keeping crypto markets relatively more propped up today than they were following the Mt. Gox hack is the fact that there are more players in the market today, with Coincheck being just one of many exchanges, and NEM being only one of many cryptocurrencies.

The trading hype has persisted despite a massive hack of Tokyo - based exchange Coincheck in January that resulted in losses of about 58 billion yen ($ 533 million) worth of virtual currency, according to Coindesk.

A group of 16 cryptocurrency exchanges in Japan have decided to create a self - regulating body in the country to safeguard investors following the massive Coincheck hack last month that cost about $ 530 million, according to Reuters.

A $ 530 million hack of Japanese cryptocurrency exchange Coincheck late last week has also weighed on the market, along with a subpoena U.S. regulators sent to two of the world's biggest cryptocurrency players, Bitfinex and Tether.

Many in Japan feared its cryptocurrency market would grind to a halt following the hack of the Tokyo - based exchange, Coincheck.

After Japan's second largest cryptocurrency exchange, Coincheck, was hacked, the Japanese government began to place even more emphasis on security measures for the cryptocurrency market.

Five other exchanges, including Coincheck, targeted in the massive hacking, were ordered to improve their operations.

The Financial Services Agency (FSA) have recently developed new strategies and requirements for cryptocurrency exchanges to follow, in the wake of the devastating Coincheck hack in January, evidence that the government are keen to facilitate cryptocurrency activity within its borders but are equally keen to ensure that trading remains above board, legal and safe.

In January, the Japanese cryptocurrency exchange Coincheck was hacked in what has been described as the biggest digital currency theft in history, affecting 260,000 customers.

Capital flowed back into bitcoin on Tuesday amid reports that a major Japanese exchange was planning to make a bid for Coincheck, the Tokyo - based crypto platform that was recently hacked.

Concerns are swirling around even legitimate digital currency platforms, after Coincheck — one of Japan's biggest exchanges — lost some $ 530 million in an apparent hack last week.

According to the message, Coincheck, one of many largest Japanese cryptocurrency exchanges was hacked.

Tokyo - based Coincheck, which was the target of the biggest hack in January that resulted in the loss of $ 530 million worth of NEM, had handled all three digital currencies before the exchange was hacked.

Repercussions from the Coincheck hack continue as more Tokyo exchanges close due to regulatory action.

Coincheck, one of the largest cryptocurrency exchanges in the country got hacked.

Two Japanese cryptocurrency exchanges are reportedly quitting their operations amid tighter oversight from authorities following the Coincheck hack, which saw the theft of $ 530 million in January.

The early example of Mt. Gox and the most recent hacking of Coincheck serve as serious warnings to prospective cryptocurrency investors to look into the exchange's security protocol.

The company has been carefully considering the timing of its exchange's full launch based on the hack of Coincheck and the subsequent change in the business environment.

This week, Monex Group completed its acquisition of cryptocurrency exchange Coincheck, which was the target of a $ 534 million hack in January.

Another well - known hack, which reportedly outweighs the Mt. Gox incident, occurred earlier this year when hackers targeted Tokyo - based exchange Coincheck.

The study was released in an effort to bring more transparency to the country's cryptocurrency space in light of the recent exchange hack of Coincheck, where $ 530 million worth of cryptocurrency was stolen by hackers.

The new «hack» of the Japanese Coincheck exchange yielded cyberthieves the homogeneous of $ 530 million of cryptocurrency hold by the customers.

Announced at the first meeting of a cryptocurrency exchange study group established by the FSA in early March, the data release marks the latest effort by the financial watchdog in bringing greater transparency to the industry following a recent hack of one of the domestic exchange Coincheck.

The news comes as exchanges in Japan more widely are taking steps to restore public confidence in the industry following a hack in January that exploited some $ 500 million - worth of NEM tokens from the Coincheck exchange.

According to Reuters: «Japan's financial regulator said on Friday it had ordered all cryptocurrency exchanges to submit a report on their system risk management, following the hacking of over half a billion dollars of digital money from Coincheck.»

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There has also been the incidence of hacks on exchanges, the latest being the theft of roughly $ 532.9 million in digital money from Tokyo - based cryptocurrency exchange Coincheck a few weeks ago.

Japanese exchange Coincheck is being sued for the third time after its hacking incident in January 2018.

The aftermath of this hack and the desire to protect the rights of investors have determined the FSA to raid Coincheck and then started reviewing the security measures of other cryptocurrency exchanges that operate in the country.

In recent months, the FSA has been clamping down on cryptocurrency exchanges in Japan following the January hack at Tokyo - based exchange Coincheck, resulting in the theft of $ 530 million worth of NEM.

Bitcoin rose after reports Japanese online broker Monex Group is looking to take over recently hacked crypto exchange Coincheck.

Japanese online brokerage firm Monex Group said on Friday it would buy hacked cryptocurrency exchange Coincheck for $ 33.59 million.

In Japan, regulators have tightened their grip after the large crypto exchange Coincheck suffered one of the digital currency industry's worst - ever hacks in January.

Bitcoin prices rose Tuesday after reports that Japanese online broker Monex Group is looking to take over a recently hacked Japanese cryptocurrency exchange Coincheck.

Coincheck, the Tokyo - based cryptocurrency exchange that has been struggling to get back on its feet since it suffered a devastating hack on January 26, 2018, has agreed to accept a takeover bid by Monex Group, a Japanese online...

Japan's Financial Services Agency told Coincheck to get its systems in order after the hack — the exchange had been storing customer assets in an internet - connected «hot wallet,» which is something of a security no - no.

In Japan, a large virtual currency exchange, Coincheck, was hacked in late January and lost nearly $ 500 million worth of a virtual currency known as NEM, raising questions about the relatively untested security practices of virtual currency exchanges.

Since Coincheck partially resumed business activities following its recent hack, investors have flocked to withdraw millions from the exchange.

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.

A group of Japanese cryptocurrency exchanges is reportedly uniting to form a new self - regulatory body in the wake of the recent Coincheck hack.

Finally, Japan's demand for stronger security on exchanges actually bodes well for Bitcoin, since it may help restore Japanese investors» faith in cryptos following the $ 530.0 - million Coincheck hack.

This adds to three other exchanges in the country closing their doors after regulators stepped up oversight in the wake of the late - January hack of Tokyo - based Coincheck, where $ 530 million in NEM tokens vanished.