Japanese cryptocurrency exchange Coincheck is starting to refund customers that were affected by the Jan. 26 hack of around $534 mln worth of NEM, as well as allowing the withdrawal and sale of certain cryptocurrencies, according to two press releases published today, March 12, on Coincheck’s website.
Withdrawals of the following currencies, Ethereum (ETH), Ethereum Classic (ETC), Ripple (XRP), Litecoin (LTC), Bitcoin Cash (BCH), Bitcoin (BTC) have resumed. According to the press release, which also noted that BTC sales were never paused, ETH, ETC, XRP, LTC, BCH can now also be sold again on the exchange.
On March 8, Coincheck had repeated a previous announcement that they would soon start refunding NEM customers. Compensation will be paid in Japanese yen, at the rate of around 88.5 yen (around $0.83) to one NEM coin.
Japan’s Financial Services Agency (FSA) had initially responded to the hack by conducting on-site inspections of the 15 unregistered cryptocurrency exchanges in Japan. As a result of the inspections, the FSA sent business improvement orders to seven of these exchanges, including Coincheck.
https://cointelegraph.com/news/coincheck-begins-nem-refunds-for-affected-customers-resumes-partial-trading
