Coincheck is blasted with $2 mln lawsuit

132 Coincheck clients submitted a class action lawsuit
01 March 2018   936

Yesterday, on February 28 132 customers of Coincheck exchange filed a new class action suit of a restitution following the previous one filed on February 27 at Tokyo District Court. The upset clients ask for a mix of 13 types of cryptocurrencies and a small amount of Japanese yen.

At the very least we would like to sell the virtual currency and withdraw it in Japanese yen, but even that will not make it even, we complain because of our distrust of Coincheck.


A 20-year old plaintiff

As the notorious platform seeks for possible resolutions of a crisis, and recently it was reported that a tie-up might be an acceptable option. Although a refund plan allegedly submitted to FSA, according to a resource, the Japanese regulator cannot say with a certainty what form will the restitution plans take. A local news media Jiji Press acquired from an insider that Coincheck is in talks with some investors to gain funds for a satisfactory rate of a refund process.

Coincheck spokesperson have abstained from giving in-depth details on the state of things with a plain commentary:

We have not responded to the presence or absence of a trial or content.

mijin and Tech Bureau launch PoC

Blockchain Toreca proof-of-concept will be released on June 18 as a joint effort of Tech Bureau and Aeria's mijin platform
14 June 2018   179

Blockchain Toreca Proof-of-Concept, a service adopting a method of registering, issuing and distributing the trading cards is set to be released on June 18. The run period will be from June 18 till June 25. The official launch date is loosely set on July. Toreca is a blockchain card battle game. Using the blockchain technology game cards will be treated as digital assets and the record of any manipulations with it are immutably stored all the time.

mijin is a private blockchain compatible with NEM. It is developed by Tech Bureau and can be used internally or as a shared resource in a cloud. Tech Bureau is a fintech and cryptocurrency group company in Japan, US and Europe with a portfolio of blockchain-based solutions like Zaif, mijin and COMSA.

At the moment of publication, NEM market characteristics are as follows:

Average price 0.195110 USD
Market cap 1,755,990,000 USD
Volume (24H) 19,548,100 USD