Japan's crypto exchanges seek redemption after hacking scandals

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.