Coincheck Hit by Investors Lawsuit 

A group of traders filed a lawsuit against cryptocurrency exchange Coincheck
15 February 2018   1492

Cryptocurrency investors filed a suit against Coincheck on Thursday, seeking to force the Tokyo-based exchange to allow them to withdraw assets worth $183,000 frozen after last month’s $530 million heist of cryptocurrency.

The group of seven investors filed a suit at the Tokyo District Court, also requesting that Coincheck pay annualized interest of 5% on the value of the cryptocurrency from notification of the claim until it resumes withdrawals.

Coincheck, which froze all withdrawals of yen and cryptocurrency after the Jan. 26 heist, restarted on Tuesday yen withdrawals, unleashing a single-day outflow of $373 million. But it said it would keep curbs on withdrawals of cryptocurrencies until it could guarantee the secure resumption of its operations.

I’m hoping Coincheck will respond quickly and let us resume withdrawals.


One of the plaintiffs' statement

The plaintiff, a man in his 20s who had invested 400,000 yen in digital money at Coincheck, said he would not cease trading cryptocurrencies and was not concerned over their safety.

The plaintiffs plan to launch a second lawsuit on Feb. 27 to claim for any lost value of the digital money frozen by Coincheck, as well as other damages stemming from the curbs on withdrawals, said Hiromu Mochizuki, their lawyer.

The group’s frozen assets were worth 19.5 million yen ($183,047) as at the end of Tuesday, and span 12 virtual currencies, according to a court filing. Their value has slumped 31.3%, or 8.9 million yen, between the heist and Tuesday.

Craig Wright to Claim to be Satoshi Again

He explained that the false information surrounding Bitcoin and blockchain-derived systems made him come out of the shadows
18 February 2019   46

A senior researcher at nChain, Craig Wright, sent the Commission on the US Exchange Commodity Trading (CFTC) introductory information on cryptocurrency mechanics in response to a request from the Office. But even in the official document he did not miss the opportunity to remind everyone that it was he who allegedly was the creator of Bitcoin Satoshi Nakamoto.

My name is Dr. Craig Wright and under the pseudonym of Satoshi Nakamoto I completed a project I started in 1997 that was filed with the Australian government in part under an AusIndustry project registered with the Dept. of Innovation as BlackNet. Ethereum is a poorly designed copy of bitcoin designed with the purpose of completing the promise of smart contracts and scripting that were delivered within bitcoin but which were hobbled by the core developers of bitcoin who sought to enable anonymous transactions to exist within the system. 

Craig Wright


Earlier in February, the “self-proclaimed Satoshi Nakamoto” announced that he possesses a patent, allegedly capable of restricting the right to issue JPM Coin.

In October 2017, Craig Wright made a mistake confirming that he was not Satoshi Nakamoto.