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Coincheck to Start Paying Back Victims of $500 Million Heist

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Bitcoin Steadies After Two Days of Losses

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Coincheck Inc. said it will start compensating users who had their cryptocurrency stolen beginning as soon as next week, as the Japanese exchange seeks to resume more of its operations.

All of the 260,000 users impacted by the theft of NEM coins in the Jan. 26 theft will be reimbursed according to conversion rates detailed by Coincheck after the attack, the Tokyo-based company said at a news conference Thursday.