Ten cryptocurrency traders will file a lawsuit at the Tokyo District Court on Thursday, Feb. 15, against crypto exchange over the company’s freezing of crypto withdrawals, reported today, Feb. 13.
The Japan-based exchange had frozen all withdrawals after they lost in in a hack last month.
The plaintiffs’ lawyer, Hiromu Mochizuki, told Reuters that the claim will ask Coincheck to allow the traders to withdraw their crypto into a wallet outside of the exchange, and that a second lawsuit over damages resulting from the hack may be forthcoming.
Mochizuki tweeted yesterday, Feb. 12, that since Coincheck , one of the four claims has been settled:
コインチェック社が今朝から日本円の出金に応じ始めたようです。これで が請求を予定していた4つの請求のうち、1つが解決したので、残り3つの法的請求を行う予定です。仮想通貨の取り戻し請求は、その1つです。
— 望月宣武Hiromu MOCHIZUKI (@166mochizuki)
Coincheck had announced Jan. 27, the day after the hack, that they planned on that were affected by the loss of NEM.
Japan’s of Coincheck on Feb. 2, ahead of the Feb. 13 deadline for the exchange to submit a report on the hack and how they will change their security to prevent a similar event in the future. All crypto exchanges in Japan must also now submit a risk management report to the FSA.
Japan has been at the forefront of governments that are accepting of cryptocurrencies. The country in April 2017, and has been actively regulating the market by of cryptocurrency exchange licenses since September, 2017.
The country’s embrace of both crypto and crypto regulation may be seen as a response to the infamous 2014 , when around $480 mln went missing from the now-defunct Japan-based exchange. The Coincheck hack is now the largest crypto hack to have taken place since Mt. Gox.
Published at Tue, 13 Feb 2018 16:49:23 +0000
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