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Title: [2018-01-29] Japan’s Financial Regulator Responds To Coincheck US$530M Hack Post by: lemonte on January 29, 2018, 10:33:39 AM Japan’s Financial Services Agency (FSA) plans to take administrative actions against hacked cryptocurrency exchange Coincheck after the company announced the loss of 523 million units of NEM cryptocurrency (about US$530 million) from a hack.
The FSA suspects that a lack of proper security measures allowed hackers to steal a record haul of cryptocurrency on Friday, according to a report by Nikkei Asian Review. The regulator will issue a business improvement order to Coincheck later on Monday and order the company to strengthen its safeguards to prevent a recurrence, Japan’s chief cabinet secretary Yoshihide Suga told a regular news conference. https://coinjournal.net/japans-financial-regulator-responds-coincheck-us530m-hack/ |