Today on March 12 Coincheck starts to pay compensations to those who lost funds in the hack of January, 26. According to the blog post the japanese exchange will keep the initial refund rate at 88.549 JPY : 1 NEM directly into the customers' accounts. It should be noted that the plan also considers the overall compensation volume of $420 mln.
Along with the reimbursement process, the exchange relaunches the withdrawal function and the trade of the following cryptocurrencies: ETH, ETC. XRP. LTC, BCH and BTC. As for the other assets, it will a longer time to resume the respective services. The update comes after the press conference where it was announced that the compensation would start this week.
Simultaneously, Nikkei Asia Review acquired new details of the events that were precursor to the hack. These details shed light to the origins of the heist. According to the article, the attackers sent emails with a malware to Coincheck's employee in early January. After the sender's address was clicked, the computer was infected with a virus that allowed an outside operation. With this ability, hackers collected private keys to large amounts of NEM.
Japanese regulator FSA requested Coincheck to submit a written plan on system and its security improvements by March, 22.