|
|
|
|
Search: 
Latin American Herald Tribune
Venezuela Overview
Venezuelan Embassies & Consulates Around The World
Sites/Blogs about Venezuela
Venezuelan Newspapers
Facts about Venezuela
Venezuela Tourism
Embassies in Caracas

Colombia Overview
Colombian Embassies & Consulates Around the World
Government Links
Embassies in Bogota
Media
Sites/Blogs about Colombia
Educational Institutions

Stocks

Commodities
Crude Oil
US Gasoline Prices
Natural Gas
Gold
Silver
Copper

Euro
UK Pound
Australia Dollar
Canada Dollar
Brazil Real
Mexico Peso
India Rupee

Antigua & Barbuda
Aruba
Barbados
Cayman Islands
Cuba
Curacao
Dominica

Grenada
Haiti
Jamaica
Saint Kitts and Nevis
Saint Lucia
Saint Vincent and the Grenadines

Belize
Costa Rica
El Salvador
Honduras
Nicaragua
Panama

Bahamas
Bermuda
Mexico

Argentina
Brazil
Chile
Guyana
Paraguay
Peru
Uruguay

What's New at LAHT?
Follow Us On Facebook
Follow Us On Twitter
Most Viewed on the Web
Popular on Twitter
Receive Our Daily Headlines


  HOME | Business & Economy (Click here for more)

Japan’s Bitcoin Wallet Coincheck Restarts Yen Trading after Massive Hack

TOKYO – Coincheck, the Japanese bitcoin wallet and cryptocurrency exchange service, restarted on Tuesday its operations after a two week suspension of activities following a massive hacking.

This virtual currency market, one of the largest in Japan, had frozen all trading in yen due to liquidity problems after the cyberattack, in which hundreds of millions of NEM cryptocurrencies worth 58 billion yen ($536.5 million) disappeared.

Coincheck announced the restart of operations on its website, warning that they will be restricted due to the large number of demands for withdrawal of current currencies and noted that the service is working towards a return to normalcy.

Coincheck is also expected to present a plan on measures to improve its security and close the gaps that facilitated the hacking, including the storing of clients’ funds in “cold portfolios” or not connected to the Japanese network and therefore safe from computer hacks.

Japanese authorities continue to investigate the incident and have also commissioned an experts panel to analyze Coincheck’s security systems and other Japanese bitcoin operators to prevent similar attacks.

The company has promised to reimburse losses suffered by 260,000 investors however it has not specified any date.

The victims, for their part, are planning to file a class action lawsuit in a Tokyo court against the company this week demanding compensation against what they consider to be the operator’s irresponsibility, a group of Coincheck investors said on Twitter.

 

Enter your email address to subscribe to free headlines (and great cartoons so every email has a happy ending!) from the Latin American Herald Tribune:

 

Copyright Latin American Herald Tribune - 2005-2018 © All rights reserved