Japanese exchange Coincheck has suspended withdrawals …

Japanese exchange Coincheck has suspended withdrawals …

Japanese exchange Coincheck suspends withdrawals after alleged disappearance of $ 720 million in cryptocurrency

Japanese cryptocurrency exchange Coincheck has suspended withdrawals amid a string of hard-to-explain events. Writes about it Cointelegraph.

Initially, the problems only affected the NEM cryptocurrency, the ability to replenish wallets in which was suddenly limited.

“Coincheck NEM deposits are currently limited. Deposits sent to your wallets will not appear on your balance. We recommend refraining from making deposits until the restriction is lifted, “the exchange writes..

Later, the restriction was extended to the purchase and sale of NEM, and then to the withdrawal, after which the exchange suspended the withdrawal of all cryptocurrencies and fiat.

“All withdrawals from the platform are currently limited, including in JPY. Thank you for understanding. We do everything that depends on us in order to return to normal work as soon as possible, “the exchange reports..

Since the limitation of transactions from the Coincheck wallet, the amount of 101.265.057 XRP or about $ 120 million has been withdrawn at a time.According to unconfirmed reports, another $ 600 million in NEM cryptocurrency could be withdrawn from the exchange.

Japanese exchange Coincheck has suspended withdrawals ...

In English and Japanese on social media, Coincheck promises to provide information on what is happening when possible.

It is noteworthy that Coincheck, being one of the largest exchanges in Japan, has not received a license from the Financial Conduct Authority, which is owned by bitFlyer, Quoine and 14 other sites..

There is also information that local media are starting to gather near Coinchek headquarters.

Japanese exchange Coincheck has suspended withdrawals ...

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