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Yusuke Otsuka, Coincheck's chief operating officer, answers questions from reporters after briefing financial authorities.

Hacked Japanese cryptocurrency exchange faces action by watchdog

Trade groups to merge into rule-setting body after Coincheck heist

Nikkei staff writers | Japan

TOKYO -- Japan's Financial Services Agency is set to take administrative action on Monday against hacked cryptocurrency exchange Coincheck, following the theft of some 58 billion yen ($534 million) worth of NEM digital money.

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