Tagged: coincheck

Report: Russian Viruses Found in Investigation of $534 Million USD Hack on Coincheck Cryptocurrency Exchange

Viruses “first marketed in a Russian bulletin board in June 2011” have been found on computers of employees at Coincheck, a Japanese cryptocurrency exchange hacked in January 2018 for more than $534 million USD in NEM tokens, Asahi Shimbum writes. Previously, South Korean intelligence had… Read More

Ministers at Forthcoming G20 Summit in Japan to May Create Global Cryptocurrency Exchange Registry

Finance Ministers and Central Bank Governors from the globe’s twenty most powerful economies are “expected” to collaborate on creating a global registry of cryptocurrency exchanges when they meet at the G20 Conference in Fukuoka, Japan, in June, Nikkei Asian Review (NAR) reports. G20 government personnel meeting… Read More

Japanese Cryptocurrency Platform Coincheck Launches OTC Trading Service

Japanese cryptocurrency exchange Coincheck announced on Monday the launch of its new OTC trading service. According to Coindesk, the new service will be for large-scale customers and is a service that allows users to buy and sell virtual currencies at an “attractive” price. It also allows… Read More

Police Confirm Amount Hacked from New Zealand Cryptocurrency Exchange Cryptopia “Significant,” Investigation Continues

New Zealand cryptocurrency exchange Cryptopia went dark this week after “suffer(ing) a security breach which resulted in significant losses,” on Monday: The exchange is still offline this morning and all trading suspended pending “maintenance.” New Zealand Police issued a press release today regarding the hack stating… Read More

Second Large Japanese IT Company Shrinks Cryptomining Arm

“Deteriorating profitability” resulting from stiff global competition from other miners and sharply falling cryptocurrency prices have prompted the Japanese e-commerce and Internet firm DMM to abandon its efforts in the crypto-mining sector, Toyo Kazei reports. DMM now joins Japanese Internet firm GMO, which also recently… Read More

Three Charged in Bulgaria for $5 Million Cryptocurrency Theft

Bulgarian police have arrested and charged 3 people accused of stealing $5 million in cryptocurrencies, Reuters reports. The arrests were announced Monday by officials from the Bulgarian Ministry of the Interior and local prosecutors. Police seized $3 million in cryptocurrency at the scene as well… Read More

Monex Group Publishes Earnings Report, Provides Insight into Coincheck Crypto Exchange

Financial services conglomerate Monex Group issued their quarterly earnings report today. Monex, a Japan based, publicly traded firm, owns and operates multiple Fintech platforms as well as more traditional platforms such as TradeStation in the US. In April of this year, Monex acquired Japanese crypto… Read More

Japan’s Financial Services Authority May Limit Crypto Margin Trading

Japan’s Financial Services Authority (FSA), the independent regulator of the financial services sector there, is considering imposing a limit as low as 2-1 on margin trades of cryptocurrency conducted on local exchanges, Nikkei Asian Review (NAR) reports. The move is being contemplated as a measure to… Read More

Japan Self Regulatory Group to Advise Limits on Online Crypto Storage by Exchanges after Second Large Hack

A self-regulatory group created to sustain Japan’s cryptocurrency sector is tightening rules on how much cryptocurrency exchanges are allowed to store in “hot wallets” connected directly to the Internet, Japan Times reports. The change is being advised about two weeks after hackers stole $60 million… Read More

Inspection of Japan Crypto Exchanges Reveals Loose Business Practices

Onsite inspections of 16 licensed cryptocurrency exchanges and 7 with licenses pending in Japan has revealed generally loose business practices and controls, according to a report released last Friday by the Japanese Financial Services Agency (FSA). The inspections were conducted by the FSA in cooperation with… Read More

Financial Services Agency in Japan Updating Crypto Laws to Reflect Speculation

Relatively loose Japanese laws designed to facilitate the use of cryptocurrencies at the retail level will soon be revised to reflect their actual use as speculative investments, Japan Times reports. Initial laws enshrined in April 2017 made Japan was one of the first powerhouse economies… Read More

Following $523 Million Hack, Coincheck Announces it will Reimburse All Impacted Investors

Following the enormous theft of 523,000,000 XEM (NEM), Japan based cryptocurrency exchange Coincheck has announced it will reimburse all impacted investors. At current exchange rates, this means Coincheck will need to pay out over USD $523 million to the estimated 260,000 impacted users. At the time… Read More

Largest Cryptocurrency Exchange in Japan Hacked, Reports Indicate Over $500 Million Stolen from Coincheck [u]

Numerous reports are indicating leading cryptocurrency exchange Coincheck has experienced a serious security breach. Estimates indicate that over $530 million in digital currency may have been stolen or about 58 billion yen of the virtual currency. Coincheck, based in Tokyo, has reported the “illegal outflow… Read More

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