Coincheck to Resume Withdrawal on 2/13/2018

It looks like big Japanese cryptocurrency exchange is restoring after recent hack
13 February 2018   958

Japanese cryptoexchange Coincheck announced that it will resume the withdrawal of the funds from next Tuesday.

Regarding resumptions of JPY withdrawals Currently, all customer JPY assets are being stored in a customer-specific account in a major financial institution. We plan to resume normal operations for JPY withdrawals from the following date and will process customer requests in the order in which they come in. Resumption date: 2/13/2018. Withdrawal currency: JPY 


Thus, users of the Japanese exchange, who did not have the opportunity to access their funds after hacking, finally be able to withdraw them.

The Coincheck exchange reported on hacking at a press conference on January 26, according to which it became known that about 500 million NEM tokens ($ 533 million at the time of the hacking) were stolen from the trading site purse.

The authorities said that neglect of risks was an OK situation at the Coincheck exchange, which was the reason for the hacking, and demanded that the exchange report on the incident.

Recently it became known that hackers attempted to enclose the NEM tokens stolen from Coincheck in one of the Philippine ICOs.

$60M Stolen From Zaif Exchange

As a result of the attack, which occurred as early as September 14, 4.5 billion yen owned by its users were stolen from the hot wallets of the exchang
20 September 2018   358

Hackers were able to steal almost $ 60 million in cryptocurrencies from the Japanese crypto-exchange Zaif, Cointelegraph reports.

As a result of the attack, which occurred as early as September 14, 4.5 billion yen owned by its users were stolen from the hot wallets of the exchange, as well as 2.2 billion yen, which was the company's assets. Thus, the total loss of Zaif amounted to 6.7 billion yen or about $ 59.7 million.

Tech Bureau Inc, which is the operator of Zaif, in a press release says that it found a server error on September 17, after which the input / output of funds on the exchange was suspended. September 18, the company realized that the error was caused by a hacker attack, and reported the incident to the Financial Services Agency of Japan. Hackers stole 5,966 bitcoins, as well as assets in Bitcoin Cash and MonaCoin.

According to Tech Bureau Inc, Fisco Digital Asset Group will help to partially compensate for the damage caused to users by providing 5 billion yen ($ 44.5 million). Tech Bureau agreed with Fisco to dismiss more than half of its directors and corporate auditors, and Fisco in turn will become its main shareholder.

Earlier this year, Zaif already recognized the existence of a "system malfunction", using which, the clients of the exchange were temporarily able to credit trillions of dollars in their accounts with bitcoins.