Sentences with phrase «from coincheck»

Tokyo - based cryptocurrency exchange Coincheck has today announced a plan to compensate approximately 260,000 NEM holders for $ 523 million XEM that was illegally removed from Coincheck.

The loss of $ 534 million from Coincheck exchange in January this year, triggered investigations by the Financial Services Agency (FSA).

A massive XRP moved from Coincheck to somewhere!!!

Since $ 500 million of NEM was stolen from the Coincheck exchange in January, Japan's Financial Services Authority (FSA) has vowed to improve standards in the country's cryptocurrency exchanges.

Hackers moved a part of NEM coins stolen from Coincheck to a Canadian exchange, converted them to other cryptocurrencies and allegedly returned proceeds to Japan, experts from BIG Blockchain Intelligence discovered.

$ 533 million) were taken from Coincheck's digital wallets on Friday, according to new source Asahi.

The dollar amount stolen from Coincheck is likely greater than the amount stolen from Mt. Gox in 2014, though the impact on the cryptocurrency market will be much smaller, given the immense increases in the overall market capitalization over the past year.

As reported previously, around $ 531 million - worth (at the time) of NEM tokens were stolen on Jan. 26 from the Coincheck exchange.

«It was a matter of great regret that illicit access caused a massive cryptocurrency outflow from Coincheck on Friday,» Aso told reporters, as reported by Reuters.

The idea was put forward as a way to shore up public confidence in the wake of a hack that resulted in the theft $ 500 million worth of the NEM token from Coincheck, one of the Japanese exchanges that have yet to be fully approved by the FSA.

The dollar amount stolen from Coincheck is likely greater than the amount stolen from Mt. Gox in 2014 (pegged at $ 340 million).

«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.

Among the applications under review is from Coincheck, which is the second biggest Bitcoin exchange in Japan.

Some of the NEM coins stolen from Coincheck in the Jan. 26 have been found in cryptocurrency exchanges in both Vancouver and Japan.

The hackers that have stolen about $ 530 million in NEM from the Coincheck exchange are now moving those coins to «random addresses».

Meanwhile, hackers, who stole more than 520 million NEM from Coincheck's hot wallet in January, seem to have successfully laundered about 40 % of the stolen funds.

The decision comes at a time when the FSA is beefing up its efforts in scrutinizing Japanese exchanges regarding security measures, following the hack of some $ 530 million - worth of the NEM cryptocurrency from the Coincheck exchange in January.

Last month, hackers stole $ 530 million in virtual currency from Coincheck, one of Japan's largest cryptocurrency exchanges.

Last week, the news broke that hackers had made off with $ 500 million worth of cryptocurrency from Coincheck, a popular Bitcoin exchange.

Some of the stolen cryptocurrency from Coincheck Inc. is likely to have been converted into other digital currencies in a possible attempt at money laundering

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.

Only one type of cryptocurrency was stolen from Coincheck (it was NEM), and the exchange had failed to activate all security features offered by that crypto.

Notably, the dollar amount stolen from Coincheck is likely greater than the amount stolen from Mt. Gox in 2014 (pegged at $ 340 million), though the impact on the cryptocurrency market will be much smaller given the immense increases in market capitalization since.

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.

Last month, hackers made off with more than $ 400 million worth of NEM tokens stolen from Coincheck, a Japan - based cryptocurrency exchange.

This comes after over $ 500 million worth of digital coins were stolen from Coincheck by hackers in January.

A source stated: «Rumors are swirling that NEM wasn't the only cryptocurrency stolen from Coincheck.

After the confirmation, Joseph tweeted» 58 million of Japanese yen and $ 530 million worth of NEM was stolen from coincheck.»

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

But as the case of the $ 400 million of NEM stolen from Coincheck last week shows, laundering huge amounts of cryptocurrency is surprisingly hard.

After the Coincheck incident, consultation of those who can not move the virtual currency from the Coincheck has increased sharply.

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.»

The news comes as exchanges in Japan more widely are taking steps to restore public confidence in the industry following a hack in January that exploited some $ 500 million - worth of NEM tokens from the Coincheck exchange.

Tokyo - based cryptocurrency exchange Coincheck has today announced a plan to compensate approximately 260,000 NEM holders for $ 523 million XEM that was illegally removed from Coincheck.

Some of the stolen cryptocurrency from Coincheck Inc. is likely to have been converted into other digital currencies in a possible attempt at money laundering

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

Last month, hackers made off with more than $ 400 million worth of NEM tokens stolen from Coincheck, a Japan - based cryptocurrency exchange.

And just last month, $ 534 million worth of a cryptocurrency called NEM was stolen from Coincheck, another Japan - based exchange.

Not exact matches

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

The price of Bitcoin has seen a roughly 5 % bump in the last day, and the cause appears to be a potential rescue for the hacked cryptocurrency exchange Coincheck — from financial services company Monex.

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.

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.

On April 5, it was reported that the Japanese cryptocurrency exchange Coincheck, which was robbed of some 523 million NEM tokens on January 26, decided to accept an offer from online brokerage Monex Group to acquire the beleaguered firm.

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.

The business improvement order from the FSA gives Coincheck until February 13, 2018, to determine how the funds were stolen as well as to issue an «appropriate response to customers» and to implement «risk management» measures to prevent similar events from occurring in the future.

The NEM Foundation has called off its search for the 523 million NEM tokens that were stolen from the Tokyo - based Coincheck exchange.

In the wake of a January heist to the tune of more than $ 500 million from the exchange Coincheck, Japan's financial watchdog, the Financial Services Agency (FSA), stepped up efforts to ensure that exchanges operate in compliance with the country's laws.

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.