Coincheck users withdraw $373 million after company resumes withdrawal

[Jeffery Musk]

Conincheck users withdrew a total of $373 million on Tuesday after resuming of the service. This is since the startup reported a $533 million cybertheft end of last month. Coincheck suspended services after this hack.
Know More: https://coinpedia.org/news/coincheck-users-withdraw-373-million-withdrawal-service/

[jseverson]

Wow, I'm surprised that didn't render them insolvent. But then again, I'm sure they were prepared for a scenario like this after resuming their services. I know I'd cash out immediately if my money had been stuck in limbo with them.

The hack was unfortunate for sure, but it truly looks like the company wants to regain public trust, and I respect that. It looks like they also disclosed the details of the hack, so we could probably reasonably assume that the company didn't "hack" itself. I do hope they get back on their feet.