Sentences with phrase «coincheck executives»

Two weeks ago to the day, Coincheck executives dramatically confirmed swirling rumors that the exchange had been the victim of a hack wherein 500 million NEM tokens, worth $ 530 million at the time, had been stolen from its hot wallet.

During a press conference covered by Cointelegraph, Coincheck executives stated that all of the funds were stored in a hot wallet or an online wallet, which left user funds vulnerable to the security breach.

Coincheck executives said they were exploring possible ways to offer compensation for affected customers, though details on how that compensation will be offered and to what extent it will cover the losses is yet to be seen.

According to local reports, Coincheck executives confirmed that about 58 billion yen (about $ 533 million) worth of NEM tokens were stolen from the platform — though the company admitted to not knowing the full extent of the breach yet.

«Coincheck executives have admitted that they might have put more priority on attracting customers with ads rather than enhancing security,» Japan Times wrote and quoted SBI Holdings» CEO Yoshitaka Kitao saying:

As reported previously, Coincheck executives admitted to storing funds in its hot wallet, which was ultimately compromised.

If successful, Monex is reportedly bringing in its own management team while current Coincheck executives are expected to step down.

The government, which has questioned Coincheck executives, has not ruled out physically registering the company's offices should there be any doubt about the reliability of the security system.

Not exact matches

Once under Monex ownership, the broker said its senior executive officer Toshihiko Katsuya will take over as president of Coincheck, with Wada and Otsuka reportedly staying on at the firm in lower - level executive roles.

Chief Executive at Coincheck, Koichiro Wada and another executive will be replaced, the Nikkei stated, saying that Coincheck and Monex have already presented their plans to regulators and main iExecutive at Coincheck, Koichiro Wada and another executive will be replaced, the Nikkei stated, saying that Coincheck and Monex have already presented their plans to regulators and main iexecutive will be replaced, the Nikkei stated, saying that Coincheck and Monex have already presented their plans to regulators and main investors.

To counter the bad press around the exchange, Coincheck and Monex has decided to work together and alter the executive team at the exchange.

Coincheck's CEO and COO will resign from the board of directors and become the company's executive directors.

Toshihiko Katsuya, Monex's managing director and senior executive officer, will become president and representative director of Coincheck.

Coincheck's CEO and COO will resign from the board of directors and become the company's executive directors, Monex said.

Coincheck's executives confirmed the exchange will resume listing and trading some cryptocurrencies next week while suggesting that the NEM theft occurred after hackers infiltrated an employee's computer using malware.

The Monex - Coincheck deal looks likely to go through, with the Nikkei reporting that plans are in place for Coincheck's Chief Executive Koichiro Wada to step down.

As per reports from Nikkei earlier this week, Coincheck's Chief Executive Koichiro Wada and another executive are expected to be replaced, as the service will be run under Monex's direct supExecutive Koichiro Wada and another executive are expected to be replaced, as the service will be run under Monex's direct supexecutive are expected to be replaced, as the service will be run under Monex's direct supervision.

Added to this, resources spent on «communication» could potentially detract from efforts to make the crypto - industry more robust and secure as a whole, as was admitted by executives in the case of an exchange Coincheck, which suffered a USD 400 million hack last month.

During a press conference following the suspension of activity, CoinCheck executives revealed several details about the hack and specifically the infrastructure of the Coincheck cryptocurrency exchange.