Coincheck Inc, nowadays a subsidiary of the Japanese financial services giant Monex Group, announced today that is has successfully resumed deposits and purchasing services. With that, the exchange is now finally fully operational again after the $530 million hack in January.

In January this year, hackers broke into cryptocurrency exchange Coincheck Inc. and took off with $530 million in digital tokens. It’s one of the biggest heists in history, with the exchange losing more than 500 million in NEM (XEM) coins. Bitcoin dropped significantly after the news and the hack raised a lot of questions about the security of cryptocurrency exchanges around the world.

Now, 10 months after the hack, Coincheck Inc has resumed its operation again. Monex Group, the Japan-based online brokerage firm that acquired Coincheck after the hack, announced Monday that the exchange has resumed depositing and purchasing services for the XRP and Factom (FCT) tokens.

The official statement:

“In connection with unauthorized remittance of the virtual currency NEM due to unauthorized access occurred on January 26, 2018, the Company suspended the services partially in order to investigate the cause of customer asset protection and unauthorized remittance and formulated a business improvement plan. In implementing this plan, we have tried to improve our management control system and internal control system. In addition, with the cooperation of external experts who carried out a step-by-step safety audit, we have restarted the service that enables the receipt, purchase, and exchange of XRP and FCT.”

The start of trading services for XRP and FCT brings the total number of cryptocurrencies actively supported on the platform to nine: Bitcoin (BTC), Ethereum (ETH), Ethereum Classic (ETC), Litecoin (LTC), Bitcoin Cash (BCH), NEM (XEM), Lisk (LSK), XRP (XRP), and Factom (FCT).

At the end of October, the exchange already started accepting new account signups for customers living in Japan, which had been suspended while regulator-mandated improvements at the exchange were underway.


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.