Japan raps Coincheck, orders broader checks after $530 million cryptocurrency theft

Japan raps Coincheck, orders broader checks after $530 million cryptocurrency theft

6 years ago
Anonymous $v9r5mEH86V

https://www.cnbc.com/2018/01/29/japan-raps-coincheck-orders-broader-checks-after-cryptocurrency-theft.html

Japan's financial regulator said on Monday it would inspect all cryptocurrency exchanges and ordered Coincheck to get its act together after hackers stole $530 million worth of digital money from its exchange in one of the biggest cyber heists on record.

The theft highlights the vulnerabilities in trading an asset that global policymakers are struggling to regulate and the broader risks for Japan as it aims to leverage the fintech industry to stimulate economic growth.