Coincheck To Be Sued By Traders

A group of traders will file a lawsuit against cryptocurrency exchange Coincheck  
13 February 2018   564

Ten cryptocurrency traders will file a lawsuit at the Tokyo District Court on Thursday, Feb. 15 over last month’s theft of $530 million (£382 million) in digital money.

After the last month’s hack, the crypto exchange lost $530 mln in NEM and had frozen all withdrawals.

According to the trader's lawyer, Hiromu Mochizuki, they will claim Coincheck to allow them to withdraw cryptocurrencies to wallets outside the exchange. The group of traders may launch a second lawsuit at the end of the month to claim for damages over the heist.

From Tuesday, Coincheck resumed yen-withdrawals. On Friday, Coincheck representatives said that it would allow customers to withdraw yen after confirming the integrity of its system security. Also, the exchange would keep restrictions on cryptocurrency withdrawals until it could guarantee the secure resumption of its operations.

Unibright and NEM to Join Forces

Result of the partnership should be the creation of the possibility of generating NEM-oriented code in the Unibright framework
09 August 2018   214

The platform for integrating the blockchain into the business processes Unibright and the NEM Foundation announced a strategic partnership.

Representatives of the team Unibright said that the result of the partnership should be the creation of the possibility of generating NEM-oriented code in the Unibright framework and joining Unibright to the NEMsp service partnership program.

In addition, the partnership suggests:

  • adding NEM as a target of Unibrights automatic blockchain code generation
  • adding NEM adapters to Unibright’s integration plattform to connect NEM architectures to existing IT landscapes
  • qualifying Unibright as an official NEM Service Partner by training and certification through the Global NEMsp Network.
  • working together on common customer projects, case studies and proof of concepts with industry partners and clients

The NEMsp Network is a scalable and repeatable program designed to expedite the adoption of NEM globally while creating value for our partners. Companies won’t need to have any internal technical staff to be able to build on the NEM Blockchain because a project can be completely developed and deployed by a NEMsp. Unibright puts that development on an even higher level by generating code automatically, and thus are a perfect fit to the NEMsp network. We look forward to a long and mutually beneficial relationship with Unibright.

Kristof Van de Rek

Interim President,

Unibright already cooperates with Lufthansa.