Japan: Coincheck Exchange Freezes All Withdrawals As Up To $723 Mln Leaves Its Wallet
Coincheck has reported the likely inappropriate transfer of $532 mln worth of NEM to the Financial Services Agency and the Police, according to Nikkei.
On both English and Japanese social media, Coincheck promised users it would provide full details in due course, while in the meantime apologizing for the abrupt cut to services.
Notably, Coincheck is not registered with Japan’s Financial Services Agency - a regulator responsible for overseeing exchanges in the country - unlike several other prominent cryptocurrency exchanges, such as bitFlyer and Quoine.
Reports have also surfaced of Japanese media starting to gather at Coinchek’s headquarters.
Original Article link: https://cointelegraph.com/news/japan-coincheck-exchange-freezes-all-withdrawals-as-up-to-723-mln-leaves-its-wallet