Sentences with phrase «coincheck said»

Acknowledging its second such notice today, Coincheck said it will comply with a mandate to submit its improvement plan by March 22.

Coincheck said all hacked accounts will be repaid via the Coincheck wallet.

Coincheck said it would be using cryptocurrency exchange Zaif, operated by Tech Bureau Corp., for the calculation in XEM.

Lon Wong, president of NEM foundation in an earlier statement to Coincheck said: «We would advise all exchanges to make use of our multi-signature smart contract which is among the best in the landscape.

When asked whether they are going to resume operations or will have to declare bankruptcy, Coincheck said that «in principle» they plan to keep operating.

Coincheck said in January that roughly 260,000 customers were affected by the heist, which is now regarded as the biggest the crypto market has ever seen.

Japanese exchange Coincheck said it will compensate affected users by repaying them in Japanese yen.

However, the acquisition has still not been officially confirmed by the broker, and a report from Reuters states that, when contacted for confirmation of the news, Coincheck said that it hadn't released information on any deal.

That's according to Japanese newspaper Asahi Shimbun, which reports that Coincheck said that some 500 million units of a cryptocurrency known as NEM, worth about 58 billion yen, had been taken from customers» wallets.

Coincheck said Friday that some 500 million tokens of NEM, worth around $ 400 million at the time of writing, according to comments at a press event attended by Bloomberg.

However, Coincheck said it would reimburse account holders at a rate of 81 U.S. cents per token, which reflects the average price between Jan. 26 and 27.

Coincheck said the NEM coins were stored in a «hot wallet» instead of a «cold wallet.»

Coincheck said that no matter how hard it tried, it simply couldn't hire workers with the skills to seal gaps in security.

However, Coincheck said it would reimburse account holders at a rate of 81 U.S. cents per token, which reflects the average price between Jan. 26 and 27.

That's according to Japanese newspaper Asahi Shimbun, which reports that Coincheck said that some 500 million units of a cryptocurrency known as NEM, worth about 58 billion yen, had been taken from customers» wallets.

Around 46.3 billion yen ($ 425 million) will be returned in total, although Coincheck said the method and period of reparation had yet to be decided.

Coincheck says that the NEM coins were transferred to another account.

«We would like to offer our sincerest apologies to our customers, other exchanges, and everyone else affected by the illicit transfer of NEM which occurred on our platform,» Coincheck says.

Withdrawal requests will be initiated on a first come — first serve basis, and Coincheck says the company may contact certain customers separately in order to confirm withdrawal details.

Not exact matches

A senior official from the Japanese FSA said in a Reuters report that Coincheck had enough funds to reimburse customers.

Coincheck, the virtual exchange hit by the cyberattack, said it would refund customers following the theft.

The publication said the deal would see Coincheck founding president Koichiro Wada and chief operating officer Yusuke Otsuka step down.

Japan's Financial Services Agency (FSA) said it ordered Coincheck to submit a report on the hack and measures for preventing a recurrence by February 13.

Japan's government said on January 29 it would impose administrative measures on virtual currency exchange Coincheck after hackers stole hundreds of millions of dollars in digital assets from the Tokyo - based firm.

Coincheck's president, Koichiro Wada, has said that the company used the less secure wallet «due to technical reasons and understaffing.»

Japan's Financial Services Agency surprised the operators of Coincheck with an unannounced visit to the cryptocurrency exchange's office, and said that it had warned the firm to beef up its security measures in advance of the theft of over 500 NEM tokens in January.

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.

The regulator said that the persistence of the vulnerabilities which it had diagnosed were among its reasons for not granting Coincheck a license.

Sources also said that Coincheck, a Japanese exchange that was robbed of more than $ 500 million worth of cryptocurrency, may be asked to raise its standards (likely related to its underwhelming cybersecurity safeguards).

On Tuesday, Japanese cryptocurrency platform Coincheck Inc. said it would refund its clients $ 435m after a January 26 hack of pilfered cyber assets.

That said, Pouncey listed several fundamental drivers for crypto's resurgence in the second quarter, including the acquisition of Poloniex by Goldman - backed Circle as well as the acquisition of Coincheck by Monex Group.

The new owner of Japan's Coincheck exchange, Monex Group, says creating its own blockchain with an ICO to follow is on its radar.

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.

Monex was also cited as saying it hopes to hold an IPO of Coincheck shares at a future date - a move that would be a first for a Japanese cryptocurrency exchange.

Coincheck, which has apologized for the ordeal, says it is still investigating the matter further.

Japanese online brokerage firm Monex Group Inc said on Tuesday it was considering buying Coincheck Inc, the cryptocurrency exchange hit by a high - profile $ 530 million theft of digital...

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.»

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 investors.

Takayuki Sugiura, head of the Tokyo - based information - security consultancy L Plus, said it was likely someone repeatedly accessed Coincheck's server to steal the private key for the NEM transaction.

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

When cryptocurrency exchange Coincheck Inc explained how hackers made off with $ 530 million in digital money, it said part of the problem was beyond its control: Japan's lack of software engineers.

TOKYO (Reuters)- When cryptocurrency exchange Coincheck Inc explained how hackers made off with $ 530 million in digital money, it said part of the problem was beyond its control: Japan's lack of software engineers.

Monex was also cited as saying it hopes to hold an IPO of Coincheck shares at a future date - a move that would be a first for a Japanese cryptocurrency exchange.

The NEM.io Foundation, a Singapore - based organization supporting NEM blockchain technology, says it has a full account of the whereabouts of Coincheck's hacked NEM, tracing the currency on the blockchain shared ledger.

President Takeshi Idezawa said at a press conference on Jan. 31 — five days after the Coincheck incident.

Coincheck, which started operating only about three years ago, has said it will repay its affected customers about ¥ 46 billion.

A group of cryptocurrency traders will file a lawsuit against Coincheck Inc on Thursday over last month's theft of $ 530 million (# 382 million) in digital money from the Tokyo - based exchange, a lawyer representing the claimants said.

Hackers who stole around $ 530 million worth of cryptocurrency from the Coincheck exchange last week — one of the biggest such heists ever — are trying to move the stolen «XEM» coins, the foundation behind the digital currency said on Tuesday.

The FSA said it ordered Coincheck to submit an incident report and measures for preventing a recurrence by Feb. 13.

The regulator said it has yet to confirm whether Coincheck had sufficient funds for the reimbursement.