132 clients filed a class action lawsuit against the Coincheck exchange

This week, local Japanese news outlets report that class-action lawsuits have been filed against the Coincheck platform, which was hit by a hack that resulted in the theft of $530 million worth of NEM cryptocurrency.

Coincheck exchange traders banded together to recover 228 million yen ($2 million) and filed a lawsuit against the platform in the Tokyo District Court on February 27, local outlet Sankei reported. The hacker attack took place on January 26, 2018. The exchange said it would refund losses to 260,000 customers and refund them $81 for each token. In addition, the trading platform has filed a refund plan with Japan's Financial Services Agency (FSA).

On February 15, a group of seven investors filed a class action lawsuit against Coincheck, demanding annual interest of 5 percent of the value of digital coins from the date of the claim, reports Reuters.

On February 27, 132 customers filed a new claim for immediate refunds because they are unable to withdraw their funds at the moment, Sankei reports. The class action lawsuit seeks damages in 13 different types of cryptocurrency and a portion in Japanese yen.

“At the very least, we would like to sell the virtual currency and get yen, but even this will not improve the situation because we have lost confidence in this exchange,” the twenty-five-year-old plaintiff told a group of journalists.

A Coincheck representative declined to comment on the presence or absence of litigation.

Official plans for the Refunds sent to the FSA are still uncertain, but the platform is said to be considering an "equity investment". Local news outlet Jiji Press reports that "several possible partners have emerged, including an investment fund."

According to https://news.bitcoin.com