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Japan to punish hacked cryptocurrency exchange Coincheck

29 January 2018

Japan's financial regulator plans to slap an administrative punishment on cyrptocurrency exchange operator Coincheck Inc today, the top government spokesman said. The announcement follows the firm lost 58 billion yen worth of NEM coins to hackers. Tokyo-based Coincheck suspended trading in all cryptocurrencies except bitcoin after the theft of NEM coins in one of the biggest-ever losses of digital money to hackers.  It said it would return about 90 percent with internal funds, though it has yet to figure out how or when.