ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Currencies

Coincheck restarts yen withdrawals after cryptocurrency heist

Hacked operator reports new security measures to regulator

Monex Group plans to spend several billion yen to buy cryptocurrency exchange Coincheck, which was hit by a high-profile digital money theft in January.

TOKYO -- Japanese cryptocurrency exchange operator Coincheck on Tuesday restarted withdrawals of yen, removing a freeze imposed after the theft of about $530 million from its accounts last month.  

Coincheck, which received a business improvement order from the Financial Services Agency, filed a report to the watchdog the same day on measures to prevent a recurrence.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more