Japanese crypto exchange Coincheck saw a 66 percent decline in revenue for Q3 2018, according to fiscal results published by the exchange’s operator, Monex Group, Oct. 29. Coincheck was acquired by Monex Group Inc. as a wholly owned subsidiary on Apr. 16, when Coincheck decided to rehaul its shareholder composition and management after $532 million worth of NEM was stolen from its wallets this January. Monex CEO Oki Matsumoto told CT Japan today the exchange is “still awaiting” a license from the regulator. Monex’s results reveal that between July and September (termed Q3 in the U.S., Q2 in the Japanese …
Authorities in Japan are reportedly targeting individuals for their alleged involvement in the January 2018 hack of the Coincheck crypto exchange. According to a Jan. 22 report from Japanese news outlet Nikkei Asia, police have arrested or referred roughly 30 people in Japan to the local prosecutors’ office for their alleged role in hacking one of the country’s cryptocurrency exchanges. In January 2018, hackers stole roughly $534 million worth of NEM (XEM) from Coincheck in what was — and still is — the largest hack of a crypto exchange. Nikkei Asia claims that according to an unnamed source, investigators "traced …
The trustee of the now-defunct Japanese cryptocurrency exchange Mt. Gox has obtained another approval to extend the deadline for submitting a rehabilitation plan. Following a motion by Mt. Gox rehabilitation trustee Nobuaki Kobayashi, the Tokyo District Court issued another order to extend the deadline until Dec. 15, 2020, according to an official announcement posted on the Mt. Gox website on Oct. 15. Similarly to previous statements on deadline extensions, the new announcement specifies that the rehabilitation trustee is still formulating the plan, but “there are matters that require closer examination,” so it “has become necessary to extend the submission deadline.” …
Major Japanese cryptocurrency exchange Coincheck has suffered a data breach involving unauthorized access to the platform’s domain registration service. Coincheck is one of the world’s oldest crypto exchanges. They suffered a $500 million hack in 2018, which is considered to be the biggest crypto theft in history. The exchange has now encountered another apparent attack that could lead to customers’ personal data and emails being leaked, Cointelegraph Japan reports June 2. Deposits and withdrawals operate while remittances are halted Announcing the incident on Tuesday, Coincheck said that the breach had “no impact on the customer's assets” this time. However, Coincheck …
This week’s headlines from Japan included GMO Coin unveiling Basic Attention Token (BAT) lending, Nitori using blockchain for furniture logistics, blockchain solution outfit, Ginco, receiving funding from DBJ Capital, Japan's stay at home order impacting crypto businesses, and a representative from the Japan Restoration Association questioning crypto taxes. Check out some of this week’s crypto and blockchain headlines, originally reported by Cointelegraph Japan. GMO Coin exchange announces BAT lending In an April 10 statement, Japanese crypto exchange, GMO Coin, unveiled lending features for Brave Browser's Basic Attention Token (BAT). The new capability means customers can lend their BAT to other …