Operations have been further restored at Coincheck, a bitcoin wallet and exchange service headquartered in Tokyo, with both XRP and Factom (FCT) reinstated this week, according to an announcement Monday.
— Coincheck(コインチェック) (@coincheckjp) November 26, 2018
Coincheck suffered one of the largest breaches in cryptocurrency history in January 2018, with hackers stealing $530 million worth of NEM (XEM) from the company. After the hack, the Japanese Financial Services Agency (FSA) ordered the company to submit a full report on the incident and how they would improve security for clients in the future.
This ultimately led the company to be acquired by Monex, a Japanese financial services company, for 3.6 billion yen ($33.5 million).
In connection with unauthorized remittance of virtual currency NEM due to unauthorized access occurred on January 26, 2018, we partially suspended services in order to investigate the cause of customer’s asset protection and unauthorized remittance, and formulated a business improvement plan. And by implementing it, we have tried to improve the management control system and internal control system. In addition, with the cooperation of external experts, we have restarted the service which has confirmed the technical safety step by step.
This news comes 2 weeks after Coincheck reinstated NEM trading, which was a major indication that the operations were returning to normal.
Additionally, the announcement specifies that the following services and functions are under preparation for restart:
- Leveraged newly constructed transactions
- Affiliate program
- Japanese yen convenience store payments
- Japanese yen quick deposit (Pay-easy)
- Coincheck payment
- Coincheck electric bill
More: Coincheck Announcement
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.