Sentences with phrase «coincheck hack»

Celebrity Who Lost Everything in Coincheck Hack Gets Full Refund Japanese celebrity Toki, one half of comedy duo Fujisaki Market, says he has received a full yen refund from beleaguered cryptocurrency exchange Coincheck.

References to the Coincheck hack in Japan, Mt. Gox and exchange vulnerabilities, and North Korean and Russian state agents» potential for abusing prices in the cryptocurrency market all came up.

The FSA is continuing in its efforts to crack down on crypto exchanges and enforce regulations after the massive Coincheck hack back in January.

The Coincheck Hack: Coincheck is one of the most reputed cryptocurrency exchanges at the moment that is used by a significant number of cryptocurrency holders.

The FSA began inspecting exchanges soon after the Coincheck hack in late January and the regulator determined that the exchange lacked measures to combat money laundering, demanding that the Tokyo - based operator ensure a reliable and secure business operation that safeguards consumer assets.

Pair this with increased security regulations handed down to exchanges since the Coincheck hack and the result is a hiring scramble to find the right people with blockchain and cybersecurity abilities.

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

Reports suggest that 526 million NEM (XEM)($ 400 million) was stolen in the alleged Coincheck hack.

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

Litecoin's five percent decline forced it down to ninth in the market cap rankings, and NEM — still languishing after $ 530 million worth of tokens were stolen in the Coincheck hack — declined six percent to $ 0.95.

The NEM.io Foundation, created to promote the NEM cryptocurrency (XEM), has stopped tracking the coins stolen in the Coincheck hack.

The effects of last month's Coincheck hack are still being felt in the Japanese cryptocurrency world.

The post Japanese Crypto Exchanges Strengthen Self - Regulation Following Coincheck Hack appeared first on Bitcoin News.

The reaction to the Coincheck hack seeks to establish a set of guiding principles to help restore trust to the nascent industry.

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

Japan had been operating a relatively loose regulatory regime until the Coincheck hack, but a series of exchange failures prompted it into action.

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.

Assuming the Coincheck hack was indeed carried out by North Korea, it would just be the latest example of the reclusive country attempting to generate revenue from cryptocurrency.

While South Korea's intelligence agency has not presented clear evidence to back the claim, those will knowledge of the situation believe that North Korea's involvement in the Coincheck hack is a strong possibility.

Instances like the Coincheck hack may be few and far between, but remain a looming possibility.

It is said that the Coincheck hack served as a major push for the creation of the regulatory entity.

Prompted by the Coincheck hack, Japanese authorities announced last Monday that they will be investigating all exchanges in the country for vulnerabilities in their security system.

After the historical Coincheck hack in January that saw the loss of 530 million dollars worth of cryptos, the Financial Services Agency (FSA), Japan's financial watchdog, intervened and halted Coincheck operations until it implemented mechanisms to prevent money laundering and enhance protection for client assets» protection.

According to some news reports, the hackers involved in the Coincheck hack have even made websites on the dark web to convert the stolen XEM tokens to other cryptocurrencies.

After history's biggest Coincheck hack, the FSA stepped up its efforts to investigate Bitcoin exchanges, as well as Bitcoin's illicit use in money laundering transactions.

Last year alone, $ 6.3 million worth of cryptocurrency was stolen, and that's before the Coincheck hack.

Yesterday, it was disclosed that the hacker behind Coincheck hack was trying to sell the stolen NEM coins as NEM's vice president Jeff McDonald said they have tracked the stolen coins and that the hacker was trying to spend them on multiple exchanges.

Regarding the Coincheck hack, president and CEO of Line Corporation Takeshi Uezawa commented that «security is Line's priority,» NHK reported.

Influential Japanese Businessman Lashes out at Coincheck and Cryptocurrency Traders Japanese Chamber of Commerce and Industry chairman Akio Mimura says cryptocurrencies have «come to a crossroads» in Japan following the Coincheck hack last week.

The incident left investors, already jumpy after last Friday's massive Coincheck hack, frustrated and nervous.

The Japan Blockchain Association (JBA), Shinsei Bank - backed Tech Bureau and others vowed to take steps to avoid a repeat of last Friday's Coincheck hack by taking a series of stringent self - regulatory steps.

Coincheck hack, Japan's Financial Services Agency (FSA) conducted on - site inspections of the 15 as - of - yet unregistered Japanese crypto exchanges.

As the Coincheck hack demonstrated, locating stolen funds and identifying perpetrators are extremely difficult.

Though a very desirable location for new projects, Japan has recently stepped up enforcement in the cryptocurrency space, following the enormous $ 500 million Coincheck hack.

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.

On - site inspections — which specifically look for gaps in security and report on risk management solutions and cryptocurrency storage — became a priority for the FSA after the infamous Coincheck hack.

The Coincheck hack was one of the largest thefts of cryptocurrency in the world since Mt. Gox, another Tokyo exchange, was brought to its knees by hackers in 2014.

After the historical Coincheck hack in January that saw the loss of 530 million dollars worth of cryptos, the Financial

Take the example of the largest cryptocurrency coin heist in history, the Coincheck hack, which took place in January this year.

Japan's Financial Services Agency (FSA) will conduct on - site inspections of 15 cryptocurrency exchanges that are currently awaiting registration in the aftermath of the Coincheck hack, the local news outlet The Japan Times wrote today, Feb. 16.

This means that the Coincheck hack was worth close to a fourth of all cryptocurrency theft by value from 2011 to 2018.

While a number of exchanges have received licenses to date, the agency has nonetheless stepped up its oversight of the industry in the wake of the Coincheck hack.

Long story short, the Coincheck hack is nothing new, and crypto exchanges are in desperate need of a makeover.

Yet, as the total market capitalization of cryptocurrencies continues to increase (now above $ 4 billion), the most recent Coincheck hack may finally be a wake up call for crypto investors and holders.

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.

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

The Coincheck hack is the world's biggest hack in the world of cryptocurrencies.

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.

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

Japanese regulators have stepped up their oversight efforts in response to the Coincheck hack.