Images courtesy of Nikkei Asian Review, The Japan Times, and Bitcoinist archives. What do you think about the FSA raiding the offices of Coincheck? Will the exchange make good on their promises to pay back those impacted by the hack? Let us know in the comments below. Coincheck said the hackers stole customer deposits of NEM, a less well known digital currency. python bitcoin python-client cryptocurrency exchange bitflyer poloniex quoine coincheck binance hitbtc btcbox crypto. Hopefully, the entire situation will be resolved in a satisfactory manner for everyone involved, even though Coincheck is going to have to eat the cost of the compensation. The country has put in legislation concerning cryptocurrency, such as the revised Payment Services Act, and even recognizes Bitcoin as a legitimate payment option. As China and other countries continue to clamp down on cryptocurrencies, Japan is reaping the benefits of the ongoing migration of crypto-related businesses. It makes sense for the Japanese authorities to make a show of force in investigating Coincheck and ensuring that clients would be protected. As for the raid itself, Finance Minister Taro Aso says, “The investigation is being conducted to protect the current users.” This incident marks the very first regulatory raid by the Japanese government on a cryptocurrency exchange. The total cryptocurrency market volume in the last 24 hours is 240.86 B, which is -6.14 larger smaller compared to the previous day. Of course, one such reason for the success of the hack was that the exchange stored customer assets on a system that was connected to the internet 24/7. The cryptocurrency market cap is 1.19 T.In the last 24 hours, the total crypto market cap recorded a 0.32 gain loss. Transaction fee varies from 0.1 -0. Another reason for the regulatory raid is to see that the exchange has put the necessary security precautions in place, as well as to examine how the hack actually happened in the first place. First, Tokyo-based cryptocurrency exchange Coincheck suffered the biggest hack in the history of cryptocurrencies after the exchange lost 532 million in. The CoinsBitcoin Price Jumps on News that Hack-Victim Exchange Coincheck May Be Rescued. Coincheck is one of Japans largest virtual currency exchanges with monthly deals of 26 million.
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