Is there a compensation for being hacked? Coincheck will begin next week

The Tokyo Stock Exchange operator Coincheck, which was stolen by a $530 million new currency (NEM), held a press conference to confirm that it will begin to compensate customers affected by hacking attacks next weekend. However, yesterday's press conference did not explain more details of the compensation process, but Coincheck CEO Koichiro Wada and COO Yusuke Otsuka said they would announce details in the next few days. At the same time, the company also expressed at the press conference that it hopes to reopen some currency transactions next week, and still hopes that FSA can grant licenses.

Is there a compensation for being hacked? Coincheck will begin next week

Coincheck, the Japanese cryptocurrency exchange, has confirmed that it will start paying compensation for customers affected by the hacking of $530 million in new currency (NEM) in January this year.

Coincheck, an exchange operator based in Tokyo, said in a statement issued yesterday that it will start paying customers who suffered losses next weekend. Although no details of the compensation process were provided, Coincheck CEO Koichiro Wada and Chief Operating Officer Yusuke Otsuka said at the press conference yesterday that the platform will announce more details on the compensation process in the next few days. .

The company’s executives confirmed rumors that about 526 million new coins were stolen, which was worth more than $530 million, which became the biggest cryptocurrence theft in the current position. At the same time as the temporary freezing of the withdrawal of the French currency was lifted in February, the amount of cash raised by the client reached 401 billion yen ($372 million) in one day. The exchange confirmed that the new currency will be compensated at the unit price of 88 yen ($0.83). Pirate customers.

A few days after the theft, the Japan Financial Services Agency (FSA) also confirmed that it will strengthen the review of domestic exchanges and conduct on-site inspections.

According to the new legislation recognizing the legal status of bitcoin as a payment method, which came into effect in April 2017, the Japan Exchange must register with the FSA and abide by the code of conduct for conducting business in the country. So far, 16 of the 32 domestic exchanges have been registered, and Coincheck is one of the other 16 unregistered exchanges, but since the law was established before the law was introduced, Get permission to conduct business. Since then, the FSA has completed the first phase of inspections and is preparing to implement punitive measures against the exchange, which may include issuing a suspension order.

At the same time, Coincheck insisted that after receiving the “business improvement order” issued by the regulator, it is still expected to obtain a license from the FSA. Coincheck executives confirmed that the exchange will resume the listing and trading of some cryptocurrencies next week, and that the NEM theft was caused by hackers using malware to sneak into employees' computers.

Magnetic Buzzer Self-drive Type

The magnetic buzzers (Self-drive Type) offer optimal sound and performance for all types of audible alert and identification. Our magnetic Buzzer solutions are offered with various mounting options. We also provide you with a washable version for your preferred soldering method. Our magnetic buzzers, also known as indicators, are designed with an internal drive circuit for easy application integration. During operation, current is driven through a voice coil to produce a magnetic field. When a voltage is applied, the coil generates a magnetic field and then allows the diaphragm to vibrate and produce sound. This buzzer type has a low operating voltage ranging from 1.5 – 12V+. Our magnetic buzzers are desirable for applications requiring a lower sound pressure level (SPL) and frequency.

Passive Buzzer,Dc Magnetic Buzzer,Electro Magnetic Buzzer,Magnetic Buzzer Self Drive Type

Jiangsu Huawha Electronices Co.,Ltd , https://www.hnbuzzer.com

This entry was posted in on