Japan raids hacked crypto exchange, bitcoin plunges further - free news

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Saturday, 3 February 2018

Japan raids hacked crypto exchange, bitcoin plunges further

TOKYO: Japanese authorities on Friday raided virtual currency exchange Coincheck, a week after the Tokyo-based firm lost $530 million in cryptocurrency to hackers.

The raid comes as bitcoin dipped below $9,000 for the first time since November after India said Thursday it would take measures to prevent the use of cryptocurrencies. The search of Coincheck´s headquarters in Tokyo´s Shibuya district was carried out by the Financial Services Agency, which had already slapped the company with an administrative order following the hack. “We have launched an on-site inspection to ensure preservation of clients´ assets,” Finance Minister Taro Aso said at a briefing. Japanese officials have suggested Coincheck lacked proper security measures, making itself vulnerable to theft. The January 26 hack, which saw thieves syphon away 523 million units of the cryptocurrency NEM, exceeds the $480 million stolen in 2014 from another Japanese virtual currency exchange, MtGox.



from The News International - World http://ift.tt/2nuOeQY

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