Coincheck Currency Exchange will resume the withdrawal of fiat currencies


The large Japanese currency exchange Coincheck announced the resumption of the possibility of withdrawing funds from Tuesday, February 13. This is reported by CoinDesk.

“Currently, the user accounts denominated in the Japanese yen are safe and under reliable management. Proceeding from this, we are renewing the possibility of withdrawal, which will be available on February 13,” reported on the website of Coincheck.

Thus, now the users of the exchange, which has suffered from one of the largest break-ins in the history of the cryptocurrency, will have access to their funds and will be able to withdraw them.

Earlier reported, that shortly after the incident, Co-workers visited the offices of Coincheck with a check by the staff of the Financial Services Agency of Japan (FSA). According to the results of a survey of security systems and risk management of the exchange, it was found out that the users’ assets were kept on “hot purses” with constant access to the Internet. According to the FSA, this was the main reason for the theft of the NEM cryptocurrency in excess of $ 500 million.

The Office obliged the Exchange management to strengthen the reliability of security systems and to provide a report on the work done until February 13. After a while, the Japanese financial regulator announced the verification of 32 more local cryptocurrency exchanges.

Also recall, after hacking, representatives of Coincheck said that they will compensate for the losses of users at their own expense.

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