Tag Archives: Coincheck

Coincheck Reopens New Signups, Deposits and Withdrawals of ‘Some’ Cryptocurrencies

Monex Group, the Japanese internet broker that purchased hacked cryptocurrency exchange Coincheck, announced it had reopened new account signups and limited trading in a statement Tuesday, Oct. 30. The latest phase of a step-by-step reboot of Coincheck, Monex added users could also begin depositing and purchasing certain cryptocurrencies. “…Here we announce that Coincheck has resumed ‘new account openings’… Read More »

Hacked Crypto Exchange Coincheck Posts 66 Percent Lower Revenue in Q3 2018

Japanese crypto exchange Coincheck saw a 66 percent decline in revenue for Q3 2018, according to fiscal results published by the exchange’s operator, Monex Group, Oct. 29. Coincheck was acquired by Monex Group Inc. as a wholly owned subsidiary on Apr. 16, when Coincheck decided to rehaul its shareholder composition and management after $532 million worth of NEM… Read More »

Cryptocurrency Exchange Coincheck Reports Over $5 Million Loss in Q3

Coincheck, the Japanese cryptocurrency exchange that suffered a $520 million hack in January, has reported increased losses for the third quarter of 2018. Monex Group, the Japan-based brokerage firm that acquired Coincheck following the hack, released its financial results for Q3 (Q2 in the Japanese financial year) on Monday. The group’s crypto asset segment, which reflects the Coincheck… Read More »

Bank of Japan Admits Its Role Would Be ‘Sharply Reduced’ by Cryptocurrency

A top-level executive from the Bank of Japan (BOJ) revealed that the country’s central bank doesn’t plan to issue a digital currency. The BOJ justifies this decision by identifying major obstacles which prevent their further widespread adoption.   Spoken Like a True Banker Masayoshi Amamiya, a deputy governor of the Bank of Japan, revealed the bank’s position on… Read More »

Russian Cybersecurity Firm Says Hackers Have Stolen $882 Million From Cryptocurrency Exchanges in Almost Two Years

A Russian cybersecurity firm has released reports stating that hackers have stolen $882 million from cryptocurrency exchanges in almost two years. $882 Million and Counting A cybersecurity firm based in Moscow, Group-IB, conducted research which revealed that hackers have stolen up to $882 million from digital currency exchanges. As reported by Bank Info Security, the theft has been… Read More »

Cryptocurrency Exchanges Lost $882 Million to Hackers in Two Years, Report Finds

A recent report by cybersecurity company found that over the past two years cryptocurrency exchanges have lost $882 million to hackers. The report also warns that the trend is likely to increase in the future as hackers direct more of their attention to exchanges. $1.3 Million Lost Every Day Moscow-based cybersecurity company Group-IB has released a report on… Read More »

In Japan, Exchange Operators Shore up Investor Protections After Thefts

The Japan Virtual Currency Exchange Association says it will tighten investor protection stipulations after a wave of hacks on digital currency exchanges. Citing informed sources, the Japan Times reported the Japan Virtual Currency Exchange Association (JVCEA) has agreed to revise certain self-imposed rules to keep investors safe in the wake of hacks. The JVCEA is set to place… Read More »

Japanese Crypto Consortium Tightens Rules Following Zaif, CoinCheck Hacks

Local Crypto Hacks Spark Action Over the relatively short course of the history of cryptocurrencies and blockchain technologies, Japan-based crypto exchanges have been rather susceptible to hacks in comparison to their European and American counterparts. Seeing this, leading startups within the Asian country have sought to mitigate the risk of hacks, cases of money laundering, and other regulatory… Read More »

Japan: Self-Regulatory Group of Crypto Exchanges Set to Tighten Rules on Online Digital Asset Storage

The self-regulatory Japan Virtual Currency Exchange Association (JVCEA) plans to stricten its customer asset management measures. The Japan Times outlet reported this news Sunday, September 30, citing “informed sources.” JVCEA is a self-regulatory group of some of the largest licensed exchange operators in Japan, established in April of this year. Now, the organization is reportedly planning to tighten… Read More »

Japan’s FSA Demands Information From Crypto Exchange Zaif Regarding Recent Hack

Japanese cryptocurrency firm Tech Bureau Corp’s Zaif exchange was hacked mid-month, where digital coin losses amounted to 7 billion yen ($60 million). Today, the country’s financial watchdog has accused the firm of failing to provide details on how thieves hacked the exchange and also for not explaining its delay in reporting the hack itself.