NEM Rate Rises Amid Completion of Compensation Payments to Coincheck Users
The Japanese cryptocurrency exchange Coincheck reported on the completion of the payment of compensation to users affected by the January hacking of the trading platform. All 260,000 victims of the hacker attack received their money. Writes about this Wall Street Journal.
A total of 523 million NEM tokens were stolen from Coincheck. In accordance with its own obligations, the exchange paid investors 88.54 yen for each stolen token from its own fiat reserves. This is higher than the current price of NEM, but lower than the price at the time of the hack, when 1 NEM was worth about 110 yen. In total, the company paid its customers $ 435 million.
According to a Coincheck spokesman, the entire process of payment of compensation took the exchange just one day..
Along with the completion of payments, Coincheck began to process requests for the withdrawal of cryptocurrency assets, the withdrawal of which was suspended on the day of the hack. The trading platform does not accept deposits yet.
Earlier it became known that the internal system of the exchange was infected with the help of a phishing attack, which was carried out several weeks before the hack. NEM, like many cryptocurrencies, provides its users with a certain degree of anonymity, which makes it harder to find intruders. Coincheck, together with law enforcement agencies, is investigating this incident, but nothing is known about its results..
Meanwhile, happy Coincheck users are spreading information about receiving compensation on social media. The cryptocurrency market reacted positively to this news, and the NEM rate has climbed 20% in the last 24 hours, while most digital assets are falling again..
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