
Division has traced proceeds of the USD534-million Coincheck hack of XEM coin. Jason Lee, Australasias Director of Partnerships and Strategic Alliances at the NEM.io Foundation. Added that, a number of regulated exchanges have announced plans to team up to create a self-regulatory body to add further scrutiny. Coincheck Hack of XEM Coin Laundered through Vancouver Based Exchange. The Coincheck incident seems to serve as a wakeup call, however, and authorities clamped down on six others who were told to beef up their organizations to prevent more scandals or security issues. Japan is the world’s first market to regulate cryptocurrencies, and the country has given its approval to over 26 exchanges that operate there, both locally and international. Per the report, another investigation into the Coincheck hack of 2018 reveals that viruses were used to hijack the computers of workers of the exchange. Viruses from Russian Hacker Group Allegedly Used to Hack Coincheck.

That’s in direct response to Japan’s Financial Services Agency, which requested that the exchange make changes in the wake of the January hack - which saw Coincheck reimburse affected users. The viruses are allegedly associated with a Russian hacker group, according to a report on June 17, 2019. The deal is a reaction of the NEM hack, with Coincheck recognizing that it needs to strengthen its management system and organization as a whole. We take a look at the history and standing of the exchange. South Korean spies have launched an investigation into claims that North Korea was behind the 533 million hack on the Coincheck cryptocurrency exchange. Since then, the exchange has closed and has been planning to re-open in the coming months. The transaction will see Coincheck become a wholly owned subsidiary of Monex. Over the last six months, Coincheck has frequently been on the news as a result of the largest ever cyber attack on January 26th where over 530 million worth of coins were stolen from the exchange. 26, 2018 On Friday, the Tokyo-based cryptocurrency exchange CoinCheck announced that it had been hit by the biggest cryptocurrency heist in the history of the technology. The company announced today ( in Japanese) that Tokyo-based online brokerage Monex Group will buy it in full. The exchange has promised to partially reimburse users affected by the hack.

Japanese crypto exchange Coincheck, made famous after hackers made off with more than $400 million in digital token NEM, has been acquired. One reason why cryptocurrency markets have recovered quickly is due to Coincheck’s prompt response.
