Banking Group SBI Postponed the Launch of a Crypto Exchange

In order to boost security measures, Japanese banking giant SBI Group again postponed the launch of a cryptocurrency exchange  
28 February 2018   977

According to the announcement, despite the fact that SBI Virtual Currencies platform has already started offering account registrations to certain priority investors, the launch of crypto exchange will be delayed. SBI will postpone applications from ordinary customers and push the date of the start of trading.

The reasons for the delay is that the platform needs more time to strengthen security measures and to determine how to manage asset custody and finalize its customer management system.

In October 2016, SBI announced its plan to establish SBI Virtual Currencies. It completed business registration with Japan's Financial Services Agency (FSA) in September 2017. But in December of last year, the firm postponed its schedule for accepting account registrations from the general public.

The latest delay comes after FSA increased its scrutiny over Japan's cryptocurrency exchanges regarding security issues.

Cryptopia to Resume Trading Temporary

Trading lasted few hours and has been stopped, and the company itself has not made any announcements on this matter
18 March 2019   28

Hacked cryptocurrency exchange Cryptopia temporarily resumed trading on this Monday, according to information from the order book on its website. To date, trading has been stopped, and the company itself has not made any announcements on this matter. The total volume of transactions on the exchange, which ceased trading services about two months ago, in the last 24 hours amounted to a little more than 10 BTC.

In a message not related to today's test launch of trades, the exchange announced that it would send letters to all clients affected by the hacker attack. A copy of the letter is available on the Cryptopia website. In it, the exchange describes the circumstances of the hacking and its further actions.

The company also confirmed that it will pay damages to affected users. Customers who kept cryptocurrency stolen from the exchange will see in their accounts withdrawal records without transaction identifiers, reflecting the extent of the damage. They will get Cryptopia Loss Marker (CLM), which are records in the database of payments due to them.

According to the announcement, the company expects to proceed with the payment of compensation and resume trading until the end of the month after the completion of the necessary legal procedures.