

The Financial Services Agency took administrative action by ordering Coincheck to improve its security practices, but did not order the exchange to shut down out of a concern for the protection of its users. The hack led two of Japan's crypto-currency trade groups to merge into a new self-regulatory organization. The currency was transferred through a total of nineteen accounts, one of which was found to have no connection with the hacker. In January 2018, Coincheck was hacked and approximately 500 million NEM tokens ($530 million) were stolen. Coincheck is a member of JBA (Japan Blockchain Association) and is actively helping to build the Japanese bitcoin community's usage standards with the government.Ĭoincheck partnered with SEKAI to support Chinese, Hong Kong, and Taiwan investors to buy Japanese real estate with bitcoin. There were then more than 2,200 merchants using their bitcoin payment solution, just in Japan. (previously ResuPress, inc) (founded in 2012). History Ĭoincheck started in August 2014 and is operated by Coincheck, inc. (US33.4 million)Ĭoincheck since 2016 has been the trademark name of a numismatic supply company located and trademark registered in the United States since 2016. In April 2018, Coincheck was acquired by Monex Group for 3.6 billion yen. It operates exchanges between bitcoin, ether and fiat currencies in Japan, and bitcoin transactions and storage in some countries. JSTOR ( June 2021) ( Learn how and when to remove this template message)Ĭoincheck is a Japanese bitcoin wallet and exchange service headquartered in Tokyo, Japan, founded by Koichiro Wada and Yusuke Otsuka.If notability cannot be shown, the article is likely to be merged, redirected, or deleted. Please help to demonstrate the notability of the topic by citing reliable secondary sources that are independent of the topic and provide significant coverage of it beyond a mere trivial mention. The topic of this article may not meet Wikipedia's notability guidelines for companies and organizations.
