February 2, 2018

Japan's financial regulator raids Coincheck after cyber theft

TOKYO - Japan's financial regulator on Friday swooped on Coincheck Inc with surprise checks of its systems and said it had asked the Tokyo-based cryptocurrency exchange to fix flaws in its computer networks well before hackers stole 58 billion yen ($534 million) of digital money last week.

Security gaps in Coincheck's systems were among the reasons the exchange had not been given official approval to operate, the Financial Services Agency said. Read more.

Japan Today

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