Hacked Japanese Exchange Coincheck to Resume Yen Withdrawals on Feb 13, 2018

2018/2/12 11:28:15

Coincheck is among 16 exchanges current operating without an official grant and registration under Japan’s financial regulator, the Financial Services Agency (FSA). Last week, the regulator reportedly set a path to on-site inspections of various cryptocurrency exchanges as a concentrated move to increase scrutiny and force domestic exchanges to adopt better cybersecurity practices. 

 

 


From CCN:

 

Japanese exchange Coincheck has announced it will re-enable customers to withdraw their fiat yen deposits on Feb 13, 2018.

 

In an announcement late last week, the embattled exchange confirmed it will remove the temporary suspension of Japanese Yen (JPY) withdrawals from customers’ accounts at the exchange. The suspension was put in place to ‘protect and ensure the integrity of customer assets’, the exchange said, after laying claim to the dubious honor of suffering the biggest hack in the history of the cryptocurrency era.

 

 

In its notice, the exchange said:

 

“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 (February 13th) and will process customer requests in the order in which they come in.”

 

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https://www.ccn.com/hacked-japanese-ex ... -yen-withdrawals-tuesday/

 

 

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