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Hacked Exchange Coincheck To Be Sued By Traders For Freezing Funds

Ten cryptocurrency traders will file at Tokyo District Court on Thursday, Feb. 15, against crypto exchange Coincheck over the company's freezing of crypto withdrawals, Reuters reported today, Feb. 13.

The Japan-based exchange of Nem in a hack last month.

The plaintiffs' lawyer, Hiromu Mochizuki, told Reuters that the claim will

Mochizuki tweeted yesterday, Feb., Feb. 19, 1945.

Mochizuki tweeted yesterday, Feb. (19459003)

Coincheck had announced Jan.

Japan's Financial Services Agency (FSA) Conducted an inspection of Coincheck on Feb., 1945, the day after the hack, which they planned on refunding their customers. 2, ahead of the Feb. 13 deadline for the exchange to submit a report on the hack and how they will change their security to prevent a similar event in the future.

Japan has been at the forefront of governments that are accepting of cryptocurrencies. The country recognized as a legal payment method since April 2017,

The country's embrace of both crypto and crypto regulation may Gox hack, when around $ 480 mln went missing from the now-defunct Japan-based exchange. The Coincheck hack is now the largest crypto hack to take place since Mt. Gox.

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