Sentences with phrase «coincheck theft»

Furthermore, the FSA adds it will continue its scrutiny of cryptocurrency exchanges, with warnings if necessary, in the aftermath of the recent Coincheck theft.

The news comes days after it was announced that the FSA will conduct on - site inspections at 15 unlicensed cryptocurrency exchanges in light of the Coincheck theft.

«Beginning March 18, the NEM.io Foundation has disabled the tracking mosaic that was put into place to monitor XEM movements from the Coincheck theft.

The outlet also reports that, per the president of the Asia Fintech Society, «Regardless of how it plays out, the Coincheck theft is likely to push policymakers to enforce stricter security requirements at cryptocurrency exchanges.»

Under Australia's current laws, a major hack of a cryptocurrency exchange will be met with similar challenges as those facing the Japanese authorities in the wake of the Coincheck theft.

The Coincheck theft is just one of many high - profile cryptocurrency heists we've seen in the past few months.

To date, Coincheck has been working to distribute ¥ 46.6 billion ($ 440 million) to the 260,000 customers who lost their holdings of XEM during the Coincheck theft.

Not exact matches

Coincheck, stung by the theft of $ 530 million of digital money last month, is expected to file a report with regulators on the hacking.

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

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.

Japan's Financial Services Agency (FSA), which had instructed Coincheck to beef up security measures prior to the theft, is still reviewing Coincheck's application for licensure, as it had been at the time of the heist.

On the first day that the cryptocurrency exchange Coincheck allowed its customers to withdraw fiat money from the platform since a major theft last month, users took out a staggering sum of over 40 billion yen.

According to McDonald, the vulnerability that made the theft possible had to do with Coincheck's decision to keep the NEM tokens in a hot wallet, which is effectively a storage mechanism connected to the internet.

Japanese digital currency exchange Coincheck has announced plans to compensate hundreds of thousands of traders exposed to the recent theft of NEM (XEM) cryptocurrency.

Though some media outlets have reported the theft as the greatest in the history of cryptocurrency, the value at press time of the 650,000 bitcoin (a conservative estimate) that were stolen from the MtGox exchange, which was headquartered in the same Tokyo neighborhood as Coincheck, totaled over $ 7 billion.

In a massive January 26 theft, somewhere in the neighborhood of 500 million NEM tokens were stolen from the Japanese cryptocurrency exchange Coincheck.

Following one of the biggest cryptocurrency exchange thefts in history, Coincheck in Japan has gone into full damage control mode, releasing periodic statements about when customers would be allowed to withdraw their yen from the exchange.

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.

While Coincheck did have this significant loss as a result of theft, the acquisition by Monex Group will only be a good thing going forward with their involvement in the blockchain space.

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.

Dear NEM Community, On behalf of the NEM.io Foundation, we want to thank you for your ongoing support since January 26, when the Coincheck exchange was a victim of theft.

Coincheck announced Saturday that 260,000 XEM holders were affected by the theft.

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...

The Tokyo Metropolitan Police Department has deployed about 100 police officers to analyze records of suspicious access to the Coincheck server and possible connections with the NEM theft.

Monex Group Inc, a Japan - based online broker announced on Tuesday that it was considering buying Coincheck Inc, a local cryptocurrency exchange which lost $ 530 million in a high — profile theft earlier this year.

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 authorities have cast a severe look at cryptocurrency exchanges after last week's theft of $ 530 million from Coincheck.

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.

Japan's Financial Services Agency on Friday ordered two cryptocurrency exchanges to suspend business for two months as it cracks down on regulatory lapses following the massive theft of digital money at Tokyo - based Coincheck.

Monex has confirmed the takeover of Coincheck, a cryptocurrency exchange which has struggled after the theft of $ 530 million in cryptocurrency.

TOKYO (The Japan News / ANN)- The Financial Services Agency is debating whether to allow the registration of quasi-operators of cryptocurrency exchanges, in the wake of the recent massive theft of digital currency from exchange service provider Coincheck Inc..

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.

The FSA has been actively stamping out cryptocurrency venues ever since a $ 500 million theft from Japanese exchange Coincheck Inc. took place in January.

TOKYO (Sputnik)- Japan's Financial Services Agency launched an inspection of the office of virtual currency exchange Coincheck in Tokyo after a computer hack that had resulted in the theft of cryptocurrency, NHK broadcaster reported.

Asia / coincheck / Ethereum / gox / goxxed / Hack / Hard Fork / heist / Japan / Mt Gox / N - Featured / NEM / Theft / Wallets / XEM

The half a billion dollar theft in Japan on the Coincheck Exchange could be a cautionary tale for Taiwan, which has been looking to possibly fill the cryptocurrency void in Asia following the crackdowns in China and South Korea.

The Financial Services Agency (FSA) has been cracking down on cryptocurrency exchanges in the wake of the $ 533 million theft of NEM tokens from the Coincheck wallet earlier this year.

The $ 500 million heist of digital tokens from Japanese exchange Coincheck Inc. on Friday is remarkable for its sheer size, but thefts in the lightly regulated world of cryptocurrencies are woefully frequent.

The move comes in the wake of January's $ 532 mln hack of Japanese exchange Coincheck, dubbed the biggest crypto theft in history.

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

Japanese digital currency exchange Coincheck has announced plans to compensate hundreds of thousands of traders exposed to the recent theft of NEM (XEM) cryptocurrency.

Japanese online broker Monex Group Inc said on Tuesday it is considering buying Coincheck Inc, the local cryptocurrency exchange hit by a high - profile $ 530 million theft earlier this year.

Following the enormous theft of 523,000,000 XEM (NEM), Japan based cryptocurrency exchange Coincheck has announced it will reimburse all impacted investors.

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.

Sources told CNBC that Japan's Financial Services Agency (FSA) is also planning on potentially ordering Coincheck to raise its operating standards after the exchange lost $ 530 million of digital currency in a high - profile theft from hackers.

The theft comes after Coincheck applied for a license to operate as a cryptocurrency exchange in Japan.

The Tokyo - based cryptocurrency exchange Coincheck is reportedly «considering a capital tie - up to strengthen its financial base and regain trust following a massive cryptocurrency theft from the exchange in a hacking incident about a month ago,» Jiji Press reported, citing an informed source.

The brokerage acknowledged the NEM theft in its announcement and insists it will build a secure Coincheck's trading environment for customers by specifically using its own expertise and human resources in business administration, system risk management and customer asset protection systems within the exchange.

Recently, it was notably involved in a theft, when hackers stole over $ 500 million - worth of the digital asset from Japanese crypto exchange Coincheck, though prices suffered little as a result.

The NEM Foundation has called off the hunt for the more than 500 million XEM tokens stolen in connection with a record - setting theft at cryptocurrency exchange Coincheck, as cybersecurity experts believe most or all of the funds have been laundered by the hackers.