Sentences with phrase «coincheck later»

Coincheck later announced a reparation policy designed to pay back the more than 260,000 users who were affected by the breach.

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.

Not exact matches

In the latest development in the saga, Japanese financial regulators on Monday indicated that they had plans to enforce «administrative punishment» against Coincheck following the massive hack, Reuters reported.

** Japanese online brokerage firm Monex Group Inc will buy Coincheck Inc, the exchange at the center of a $ 530 million digital money heist, for 3.6 billion yen ($ 33.6 million), the latest move by a mainstream finance firm into the cryptocurrency market.

Later this month, the broker will acquire 45.2 percent of Coincheck's shares from its founder and CEO Koichiro Wada, another 5.5 percent from board member Yusuke Otsuka and 49.3 percent from six other stakeholders, the report adds.

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.

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.

On a Friday morning in late January, the users of Coincheck, a Japan - based cryptocurrency exchange, logged in to find their wallets empty of NEM tokens, a cryptocurrency specialized for payments and other financial services.

Japanese online brokerage firm Monex Group Inc will buy Coincheck Inc, the exchange at the center of a $ 530 million digital money heist, for 3.6 billion yen ($ 33.6 million), the latest move by a mainstream finance firm into the cryptocurrency market.

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.

Over eight hours later, Coincheck noticed an abnormal decrease in the balance.

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.

But notably, the buyer's manual claims that «the PTR token will work on the chain of NEM blocks» during its pre-sale, referring to the blockchain network launched in 2015 that saw more than $ 500 million of its cryptocurrency stolen from exchange platform Coincheck in late January.

On Friday, Coincheck became the latest digital currency exchange to experience a high - profile breach, resulting in the loss of nearly $ 500 million worth of NEM tokens...

«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.

As the latest step in Coincheck's efforts to keep the exchange moving forward in its plan to keep operations running and file for registration as an official crypto exchange in Japan, the company has decided to accept the Monex Group's offer of 3.6 bln yen (around $ 33.5 mln) for the acquisition of 100 percent of the shares in Coincheck.

The country's financial regulator has increased its scrutiny of exchanges and trading platforms following the $ 530 million hack of Tokyo - based exchange Coincheck in late 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.

The move comes after the Coincheck exchange lost NEM tokens worth $ 533 million at the time in a major breach in late January.

NEM tokens investors have a reason to celebrate after Japan's Financial Services Agency ordered its largest cryptocurrency exchange, Coincheck to repay investors the $ 530 million worth of NEM tokens that was lost in a hack in late January this year.

The «inappropriate» movement of the funds was reported by Coincheck to Japan's Financial Services Agency, as well as the police later on the same day.

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.

The latest is a multi-service bitcoin platform called Coincheck, which offers a wallet, exchange and merchant payment system.

The latest difficulties comes as Zaif gains increased regulatory scrutiny in the wake of January's $ 530mln hack of Japanese crypto exchange Coincheck.

As part of questionnaires issued in late August, the FSA asked exchange applicants how their assets were distributed in the two types of accounts [cold and hot wallets]... After the company [Coincheck] filed for registration in September, the FSA highlighted the risk of unauthorized accesses taking place in its computer system and urged it to strengthen security.

As reported by the local publication Nikkei, FSA announced the order in the latest press conference stating that «Inappropriate management of system risks had become the norm at Coincheck.»

Japan's latest bitcoin startup is multi-services platform Coincheck, which offers an exchange, wallet and a new system for e-commerce.

Notably, NEM's cryptocurrency was involved in a hack in late January, when hackers stole around $ 530 million - worth of the digital asset from Japanese crypto exchange Coincheck.

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.