4/24/2023 0 Comments Coincheck exchangeIn the wake of the theft, the country's Financial Services Agency instructed more than a dozen local exchanges to submit reports on their efforts to monitor systemic risks. Japanese officials have suggested Coincheck lacked proper security measures, leaving itself vulnerable to theft. Plaintiffs are demanding the reimbursement of their digital cash and also considering calling for compensation for the drop in their assets' value while withdrawals were halted. On Tuesday, Coincheck said it had resumed operations for withdrawals denominated in Japanese yen but has still frozen withdrawals of a dozen different kinds of cryptocurrencies. "Plaintiffs are demanding Coincheck return their cryptocurrencies - 13 different kinds including NEM," Mochizuki said. The company has pledged to reimburse about $400 million to all 260,000 customers who lost their holdings of NEM, the 10th biggest cryptocurrency by market capitalisation.Ĭoincheck halted operations after the hack and prevented traders from withdrawing their virtual currency from the exchange - a decision that left those assets in limbo while the cryptocurrency markets continued to move. ![]() The hack of Coincheck - resulting in the disappearance of NEM cryptocurrency worth $530 million - was one of the largest of its kind, and prompted authorities to search the firm's office earlier this month, after slapping it with an administrative order. Seven people took part in the lawsuit filed at the Tokyo District Court, plaintiffs' lawyer Hiromu Mochizuki told AFP before the filing. ![]() ![]() Cryptocurrency traders filed a lawsuit Thursday against Japanese exchange firm Coincheck for freezing withdrawals after hackers stole hundreds of millions of dollars in digital assets.
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