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Tokyo-based digital currency exchange Coincheck says it will reimburse some 260,000 victims of theft.

Published: January 28, 2018
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Source: BBC


One of Japan's largest digital currency exchanges has said it will refund most of the $534m (£380m) worth of virtual assets lost in a hacking attack.

Coincheck has promised to use its own funds to reimburse more than 46bn yen ($423m) to customers who lost their NEM cryptocurrency coins on Friday.

The Tokyo-based company suspended trading after detecting "unauthorised access" of its digital exchange.

Some 260,000 customers are said to be affected by the reported theft.

Coincheck said on Sunday that the amount it has promised to return covers nearly 90% of the 58bn yen worth of NEM coins lost in the attack.

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