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Coincheck Chief Operating Officer Yusuke Otsuka addresses journalists in Tokyo on Feb. 13.   © Reuters

Coincheck offers no timeline for repaying hack victims

Cryptocurrency transactions will resume when safe, embattled marketplace says

Nikkei staff writers | South Korea

TOKYO -- Even after lifting a freeze on yen withdrawals imposed after a massive hack attack, Coincheck has yet to say when victims will be compensated or other transactions will resume.

The company "has set aside funds out of our own capital" to repay victims of the Jan. 26 theft of some 58 billion yen ($538 million at current rates) in NEM virtual currency, Chief Operating Officer Yusuke Otsuka told reporters Tuesday night, without providing a specific time frame.

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