Users of the Japanese exchange Coincheck withdrawn …
Users of the Japanese exchange Coincheck withdrew $ 372 million on the day the ban was lifted
Japanese exchange Coincheck said it lifted the temporary ban on fiat withdrawals this Tuesday and has already processed applications for 40.1 billion Japanese yen ($ 372 million).
A few weeks after a major hack, Coincheck kept its promise and removed the time limit on the withdrawal of fiat funds from its trading platform..
“We have resumed withdrawal of JPY. To date, we have processed all requests for withdrawal of funds left before 15:00 on the 11th of this month (about 40.1 billion JPY) “, – said the exchange operator.
In addition, today Coincheck reported to regulators on the measures taken to comply with their requirements. This includes communicating an ongoing investigation, providing user support, enhancing cybersecurity and risk management systems, and implementing other practices to prevent this from happening again..
Despite the lifting of the ban on withdrawals, Coincheck has not yet set a date for compensating users for the losses they suffered as a result of the hack. According to Nikkei, the exchange is currently moving to a more reliable storage system for crypto assets. The resumption of the withdrawal of cryptocurrencies will probably be possible only after the new system is implemented.
“We continue to improve the reliability of our systems in order to resume transfers in other cryptocurrencies and begin to compensate for user losses as soon as possible,” the exchange clarifies..
According to Bloomberg reporter Yuji Nakamura, Coincheck plans to pay money to affected users before resuming withdrawal of other cryptocurrencies. He also clarifies that Coincheck has all the means for this, and the start date for compensation payments will be announced shortly..
Earlier it became known that the Tokyo police interrogated a trader in the case of stealing tokens from Coincheck.
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