In a press release reported by Cointelegraph Japan, Coincheck, the Japanese exchange which was hacked a few weeks ago, announced it will reimburse all users affected by the loss of funds "by the end of next week", a time at which it also expects to restart trading.
The hack left Coincheck without more than $500 million in NEM, coming from more than 260,000 users' wallets. Payback will not be in NEM, but in Yen, which is something very interesting and certainly a different narrative from the MtGoxx ghosts which are still flooding the markets with seized tokens.
The hack made Japanese authorities to launch a series of investigations, stopping more than 15 exchanges from trading, while other are waiting licenses or still being audited.
It's a sad news from Coincheck, which loses half a billion dollar in Yen, but a very good news for the market.
The recent SEC FUD, combined with the delayed MtGoxxing in the form of a $400 million worth of Bitcoin dumped silently, sent markets drastically in red.
I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me @dragosroua.
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They must to Reimburse Hacked Users it's their responsibility to save on the users coins
They must to do it and must to do it fast
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The reimbursement is really great, shows the company is committed to her customers this would go a long way to boost their confidence
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That's good to hear. I was expecting "too bad, so sad" to be the response. That's good customer service!
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Thanks for your great info. I already have checked your website and approved for withness. Steem.supply calculate is very useful for all of us
Thanks for your hard work.
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This seems to be a good start for cryptos at least in Japan. The authorities are considering NEM as an asset and is taking appropriate measure to protect investors. Similar to what governments due to protect bank frauds.
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At least people are getting their money back. Makes the company look more professional and less like bitconnect.
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This is a very good gesture. Commendable. This is the trait of a company that is serious with business and whose major concern is customer satisfaction. Good one.
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The maturity that is shown by the company to give money back to the people who suffered because of it is great. Anyways surely it will help the market so good days are coming back and are coming soon.
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Mehn the effect of this was really bad for the market.
I am happy you finally bring good news to us. I hope that by next week, when they begin trading, things will go back to normal and even better...can't wait .
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Those are great news i hate to hear about sites which been hacked all the times i thinking about the poor guys which lost their money
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thank you for the update sir :)
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The hack made Japanese authorities to launch a series of investigations, stopping more than 15 exchanges from trading, while other are waiting licenses or still being audited.
It's a sad news from Coincheck, which loses half a billion dollar in Yen, but a very good news for the market
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Nice for cryptop.And good post hear
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Certainty sad for coincheck to loose all that money....
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Great imitative by coincheck to reimburse all affected user who were hacked. It reveals the great commitment of coincheck with his valuable costumer. It will help to build a better trust of costumer and it's good for market. keep sharing @dragosroua
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That's got to hurt the bottom line, but if they can keep users and get them trading again, they could make it back Hopefully with upgraded security. ;)
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this is interesting and that too in yen cool for users
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Hi. Just a question. .. if such huge firms were being hacked.... what is the guarntee that steemit can not be hacked...
It is just a question from a brokeman dumped all of his daily income from other coins mining rigs to steemit dashboard and panic to lose what he has invested till date?
Who has an answer ?
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