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Coincheck again sued

Users require $ 800,000.

03.Apr.18 5:35 AM
By Jeff Bannister


Coincheck again sued
Users who suffered during the cracking of the Japanese currency exchange Coincheck filed another common claim for compensation. The clients of the exchange demand 800 000 US dollars, based on the course of the NEM cryptocurrency, which is current at the time of the break-in.

The attack on the stock exchange occurred at 11:58 Japanese time. As a result of hacking, hackers withdrew assets of 500 million dollars in the NEM cryptocurrency. These assets were distributed by fraudsters to some other crypto-exchange exchanges. Part of the digital assets was found on seven other foreign exchange platforms. After the attack, the Exchange Coincheck froze all accounts and on the same day suspended the withdrawal of assets. In response, users of the exchange filed a class action lawsuit in court demanding reimbursement. In total, three collective lawsuits were filed on 26 February, 14 March and 28 March.

In mid-March, the company began to pay compensation for funds at the current NEM exchange rate at the time of the break-in. The management of Coincheck planned to spend 420 million US dollars.
Also, the Financial Services Agency of Japan demanded from the exchange, take measures to protect the interests of customers. As a result, Coincheck refused to support anonymous transactions and some crypto-currencies.

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