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Coincheck Users Pull $373 Million in First Chance Since Hack

  • Cryptocurrency exchange again promises to repay customers
  • Japan regulators will rule on Coincheck’s ability to operate
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Coincheck Heist Spurs Calls for More Crypto Regulation

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Coincheck Inc. users withdrew 40.1 billion yen ($373 million) from the cryptocurrency exchange on Tuesday, the first day customers were allowed to pull out in the wake of the cyber-theft of about $500 million last month.

The target of the biggest theft of digital coins in history on Tuesday began allowing yen withdrawals for the first time, triggering the exodus of money. Chief Operating Officer Yusuke Otsuka is still sticking to promises to compensate users, though he wouldn’t go into the root causes of the heist during a hastily arranged briefing in Tokyo.