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Japanese Crypto Stocks Unfazed by $500 Million Coincheck Heist

Bloomberg business news

Japanese Crypto-Exchange Hacked for Almost $500M

Cryptocurrency-related stocks rallied in Japan on Monday, even as news of a $500 million heist at an exchange run by Coincheck Inc. spawned security concerns about digital money.

Remixpoint Co. rose as much as 6.1 percent after the BITPoint exchange operator said it will list more coins in a bid to win over customers. GMO Internet Inc. advanced as much as 8.9 percent after Credit Suisse hiked its target price, citing the potential value of its cryptocurrency mining business.