coincheck

Japanese crypto-exchange operators unexpectedly faced major problems last year due to the unprecedented hack in late January of Tokyo-based Coincheck Inc., which lost digital tokens estimated at the time to be worth ¥58 billion and caused commotion across the industry. This has prompted the country's ...

The Japan Times newsroom selected the following business news stories as the most important of 2018.

With the Financial Services Agency implementing greater oversight in the wake of the ¥58 billion Coincheck heist, many young and small cryptocurrency exchanges are finding it difficult to conduct business and looking to call it quits. In early March, the FSA rocked the cryptocurrency exchange ...

Troubled exchange that was hit by a massive cybertheft earlier this year will be sold for ¥3.6 billion and become wholly owned subsidiary.

When cryptocurrency exchange Coincheck Inc. explained how hackers were able to make off with $530 million (¥56.7 billion) in digital money, it noted that part of the problem had been beyond its control; the firm had struggled amid Japan's shortage of software engineers. Coincheck said ...

Coincheck Inc., the cryptocurrency exchange hit by a massive theft earlier this year, has accepted a takeover bid by online brokerage Monex Group Inc., sources said Thursday. The acquisition will be officially announced Friday. Monex Group is planning to appoint Toshihiko Katsuya, its chief operating ...

Monex aims to enter the virtual currency business by acquiring Coincheck, which was hit by a massive hack in January that stole ¥58 billion worth of NEM cryptocurrency.

The rising cryptocurrency boom has sparked a fundraising scheme called initial coin offerings that have become a money-pumping machine for startups but also have a problematic reputation. Masahiro Yasu, 29, chief executive officer of Tokyo-based startup Alis Co., experienced the power of the ICO when ...

Binance, the world's largest cryptocurrency exchange by traded value, is seeking a fresh start in the Mediterranean. The company, founded last year in Hong Kong, is planning to open an office in Malta, Chief Executive Officer Zhao Changpeng said in an interview. Binance will soon ...

Almost all of the NEM stolen from Japanese exchange Coincheck Inc., valued at around ¥58 billion ($530 million), may have been exchanged for other cryptocurrencies, information security experts said Friday. The stolen NEM could be eventually cashed because tracking cryptocurrencies is difficult once they are ...