Japanese cryptocurrency exchange Coincheck under pressure to better safeguard investors after the daring theft of $530 million (£381 million) of digital money last month, said it had on Tuesday filed a report with regulators on the hacking.
The Financial Services Agency ordered Coincheck to raise its standards after the late-January hack, directing it to submit a report on the security of its systems and measures it would take to prevent a repeat of the theft, one of biggest-ever of digital money.
The report included Coincheck’s investigation into the heist and details of steps to bolster its risk management system, Chief Operating Officer Yusuke Otsuka told a news conference.
The submission of the report came as the exchange, which froze all withdrawals of yen and cryptocurrencies following the heist, lifted curbs on yen-withdrawals after completing checks on its system’s security.
Customers withdrew 40.1 billion yen (£268.2 million) on Tuesday and the exchange would be able to meet future withdrawal requests, Otsuka said. He declined to comment on the total amount of customers’ yen still stored at the exchange.
Coincheck, which last month promised to repay about 46.3 billion yen of the cryptocurrency it lost in the theft, declined to specify when it would make the repayments.