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Coincheck

Coincheck

Coincheck is a cryptocurrency exchange based in Tokyo, Japan offering the ability to trade bitcoin, ether, NEM and other cryptocurrencies.

Coincheck is a cryptocurrency exchange based in Tokyo, Japan offering the ability to trade bitcoin, ether, NEM and other cryptocurrencies. The exchange was launched on November 5, 2014 by founders Koichiro Wada and Yusuke Otsuka. Coincheck offers its users two-factor authentication and cold wallets (offline storage of cryptocurrency keys) to ensure their customers security.

Acquisitions

Monex

On April 5, 2018 Monex Group Inc, an online Japanese brokerage, announced that it will purchase Coincheck for $33.6 million. Monex Groups purchase of Coincheck was due to increasing pressures to tighten regulatory standards in Japan related to cryptocurrencies following the theft of $530 million from Coincheck in January 2018.

Timeline

500 million NEM stolen from Coincheck exchange

The digital wallets containing Coincheck's reserves of 500 million NEM were hacked, representing the largest cryptocurrency hack in history to date. Estimates from COO Yuske Otsuka place the value in USD of the NEM coins stolen at ~$533 USD, although given the highly volatile valuation of the currency estimates range widely.

Coincheck has promised to partially refund the 260,000 investors affected by the theft.

Coincheck exchange launched

The Coincheck cryptocurrency exchange was launched on November 5, 2014.

People

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Further reading

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$530 million cryptocurrency heist may be biggest ever

Daniel Shane

Web

$530 Mln in XEM Stolen From Coincheck Can Be Traced, NEM Team Confirms

Joseph Young

Web

Japan's Coincheck Launches Consumer-Focused Bitcoin Exchange

Jon Southurst

Web

NEM Skyrockets as Coincheck Resumes Trading, Altcoins Trade Up Amidst Bitcoin Stability | NewsBTC

Cole Peterson

Web

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