![]() All Rights Reserved.Coincheck is one of the largest multi-crypto currency marketplace s and digital asset exchange s in Japan, with approximately 1.5 million verified customersĬombination with Thunder Bridge Capital Partners IV, Inc. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2019 and/or its affiliates. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. Factset: FactSet Research Systems Inc.2019. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. Yoko Wakatsuki contributed to this report. Last year, the government officially recognized bitcoin as a form of currency and started licensing exchanges.īut because Coincheck was already in business before the new rules came into effect, it wasn't yet registered with authorities. China has tried to effectively ban trading in bitcoin. Some countries have taken a tough approach. Related: I bought $250 in bitcoin: Here's what I learned That situation has created difficult questions for national governments on how to regulate the industry. Many exchanges have grown very quickly as trading has taken off but haven't focused on improving cybersecurity, Arslanian said. In a separate incident last month, hackers made off with more than $70 million worth of bitcoin from NiceHash, a digital currency trading platform based in Slovenia. Last month, South Korean bitcoin exchange Youbit filed for bankruptcy after being targeted by cybercriminals twice in the space of a few months. The meteoric rise in the value of bitcoin and other cryptocurrencies over the past year or so appears to have intensified interest from thieves. Mt Gox went bankrupt shortly afterward and affected users still haven't been compensated. Mt Gox, also based in Japan, was the world's biggest cryptocurrency exchange when hackers broke in and stole an estimated $400 million worth of bitcoin almost four years ago. Related: Davos: Bitcoin is not a currency "Large scale hacks are among the biggest risks faced today by the global crypto community," said Henri Arslanian, a financial technology expert at consulting firm PwC in Hong Kong. Cybercriminals have been taking advantage of security weaknesses at young, often unregulated businesses that are handling huge sums of other people's money. The Coincheck hack is the latest in a series of attacks targeting digital currency exchanges. Financial authorities are supervising the company's response to the theft, he said. Managers of Coincheck bowing in apology at a news conference following the exchange's loss of $530 million in cryptocurrency in a hack.Ī Japanese government spokesman said Monday that Coincheck would be asked to improve its business practices following the hack. ![]() The price of NEM plunged almost 20% after the theft came to light over the weekend, but it has since recovered those losses.Ĭoincheck didn't respond to repeated requests for comment on how exactly it will fund the customer refunds. It has currently suspended trading in all virtual currencies apart from bitcoin. "We would like to offer our deepest and humblest apologies to all of those involved," the exchange said. Coincheck said in a blog post that the hack "has caused immense distress to our customers, other exchanges, and people throughout the cryptocurrency industry."
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |