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Cryptocurrencies

Japan's crypto exchanges seek redemption after hacking scandals

Financial and internet companies revamp management of troubled startups

Coincheck suffered the worst hacking incident in the history of the industry.

TOKYO -- A year after cryptocurrency exchange Coincheck suffered the worst hacking incident in the history of the industry, its founder, Koichiro Wada, attended a news conference to reassure the public that the startup had learned from the experience. But the 28-year-old engineer wasn't the one doing the talking.

Dressed in a dark suit, Wada sat quietly next to Toshihiko Katsuya, who replaced him as president of Coincheck after the startup was acquired by Japanese financial services conglomerate Monex Group in April.

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