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Coincheck CEO Koichiro Wada (left) and COO Yusuke Otsuka.
Cryptocurrencies

Japan's Coincheck suffers record $530m virtual currency theft

Customer protection may have taken backseat to business expansion

Nikkei staff writers | Japan

TOKYO -- Cryptocurrency exchange Coincheck has confirmed that some 58 billion yen ($534 million) in customers' virtual currency holdings were taken from its wallets Friday, in what appears to be the biggest virtual currency heist to date.

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