Home coin news Breaking: Coincheck Plans to Resume Japanese Yen Withdrawals Next Week

Breaking: Coincheck Plans to Resume Japanese Yen Withdrawals Next Week

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On 26th of January 2018, Coincheck was hacked and lost a total of 523,000,000 XEM, but the exchange promised to pay back the 260,000 customer accounts that were compromised. 

Summary:

  • Coincheck Plans to Resume JPY Withdrawals Next Week beginning February 13, 2018.
  • The exchange also revealed that a temporary suspension of JPY operations was put in place to protect the assets of Coincheck customers.
  •  The company also said that “outside experts” are working with the trading platform to ensure withdrawals are ready for February 13th. 
  • The company says that, “Currently, all customer JPY assets are being stored in a customer-specific account in a major financial institution,” explains the Japanese exchange.
  • Coincheck also says the JPY withdrawals are unrelated to the NEM/XEM restitution.
  • Withdrawal requests will be initiated on a first come — first serve basis, and Coincheck says the company may contact certain customers separately in order to confirm withdrawal details.
  • Coincheck concluded by saying,

“If further complications preventing the safe resumption of withdrawals are discovered, the resumption date may be extended in order to guarantee customer asset security,” 

Do you think Coincheck will fulfill its promise to pay back the XEM at $0.81 per coin? Drop your comments below.

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