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Coincheck President Koichiro Wada (left) and Chief Operating Officer Yusuke Otsuka at a news conference on Thursday. The company announced that it will repay 46.6 billion yen to victims of the January NEM virtual currency heist.   © (Photo by Yoichi Iwata)

Coincheck to start repaying heist victims next week

Announces payback of 46.6bn yen is "in line" with February announcement

SHOTARO TANI, Nikkei staff writer | Japan

TOKYO -- Embattled Japanese cryptocurrency exchange operator Coincheck announced on Thursday that it will start repaying victims of the January NEM virtual currency heist from next week.

Some 58 billion yen ($547 million) worth of NEM at then-rates, held by about 260,000 people, was stolen from the exchange in late January. The theft forced Coincheck to stop almost all services and make repayment plans.

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