Sentences with phrase «theft of digital money»

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.

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.

Bitcoin, a digital currency that is traded on a peer - to - peer network independent of central control, has engendered a wave of creative criminality - from bitcoin theft by hacking online platforms to potentially using the crypto - currency in money laundering, bribery and buying illicit products.

Many organizations spend a tremendous amount of money and time preparing for disasters such as theft, tornadoes, earthquakes, fires and floods without protecting their digital assets and the PII (personally identifiable information) of their employees and customers.

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.

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.

However, users who are concerned about digital currency theft may wish to explore their options within the decentralized services that allow users to be in charge of their money.