![]() Coincheck made the news in June after it was a recipient of another breach which allowed unauthorized entry to third parties to see the registration details of its clients. If Doi is eventually tried and found guilty of purchasing some of the stolen NEM from Coincheck, then he would have no option than to forfeit all the digital assets he owns.ĭue to the harsh effects the hack caused on Coincheck, it was bought over by Monex Group as it tries to find its way back to the top. Reports by some unnamed media outlets said it was the security operatives that prayed the court to grant the protective order which the court finally approved on March 30. Doi to forfeit stolen NEM from Coincheck if he is found guilty Interestingly, a total of ¥58 million worth of NEM was stolen from the exchange. In a bid to protect the digital assets from confiscation in the future, Doi was indicted. Initially, Doi has been taken into custody after he purchased part of the stolen NEM from Coincheck. ![]() It should be noted that Takayoshi is a medical doctor, and he also doubles as one of the company’s executive members. In another twist, a news outlet released a report which claimed that security operatives have already seized the digital assets from Takayoshi Doi, the previous holder. Doi was indicted for protecting the digital assets In light of this situation, Bitcoin, which is worth around $46,000, has been confiscated. Presently, the court has issued an order to protect the cryptos given the confiscation that was said to have been stolen from the digital asset exchange. It should be noted that about two years ago, Coincheck was a victim in a digital asset hack attack. Making the report, the Japanese times said that the Tokyo district court told regulators to seize all the stolen NEM from Coincheck. According to CoinMarketCap, NEM (XEM) is currently trading at $0.113 a coin, up 6.24%, in 24 hours.In a new development, Japanese court has ordered its first digital asset seizure as it has ordered the seizure of stolen NEM from Coincheck. After Coincheck made the announcement yesterday, NEM saw price gains of well above six percent. On October 30th, Monex announced it would resume Bitcoin (BTC), Bitcoin Cash (BCH), Litecoin (LTC), and Ethereum Classic (ETC) trades. > A Guide to Understanding Cryptocurrency White Papers Shortly after, Coincheck was acquired by the Japenese internet broker Monex Group Inc. But it's not been confirmed officially yet so be warned about FUD and misinformation until the details come out. The 'watchdog' demanded that the company undergo drastic reforms to its exchange platform, which included enhanced anti-money laundering (AML) and counter-terrorism financing (CFT) measures. There is a rumor that coincheck, the biggest crypto exchange in Japan, has lost up to 600 million USD worth of XEM in a hack. In the aftermath of the crisis, the NEM Foundation response and NEM’s Proof of Importance (PoI) consensus algorithm have come under scrutiny. Back in March, the Financial Services Agency (FSA) of Japan gave the company a business improvement order. Japanese exchange Coincheck is now promising to reimburse NEM customers affected in the exchange’s massive January 26th hack, already easily the largest in the cryptoverse’s young history. In addition to NEM, the exchange will soon open up support for both Ethereum (ETH) and Lisk (LSK). Thank you for your patience and understanding.” Since the incident, NEM purchases and deposits have been completely halted on the Coincheck platform. Currently, we have suspended various features of our platform including new registrations. ![]() ![]() We vow to take action on all of the points listed in the business improvement order handed down from the Financial Services Agency as we work towards resuming normal business operations. “We would like to offer our sincerest apologies to our customers, other exchanges, and everyone else affected by the illicit transfer of NEM which occurred on our platform. ![]()
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