Japanese crypto exchange Coincheck has disabled users' ability to trade, top up, and withdraw cryptocurrencies (except Bitcoin) after $123 million in XRP and $600 million in NEM disappeared from several wallets on Friday, January 26.
The message on the official website says:
“At the moment, the ability to top up your account with the NEM cryptocurrency is limited. The top-up may not appear on your balance, and we strongly recommend that you refrain from any transactions with this digital currency until we sort out the issue.”
The restrictions applied only to the NEM cryptocurrency, but a little later, at 16:33 Japanese time, crypto exchange employees updated the post:
"We have disabled the ability to withdraw funds from accounts in any currency (including the Japanese yen) for all users. Thank you for your understanding and patience. We are doing everything in our power to return our customers to full use of the platform as soon as possible."
In both English and Japanese social networks, Coincheck representatives promise to publish all the information about this case over time. It is noteworthy that the Coincheck exchange is not registered with the Financial Services Authority of Japan, the regulator responsible for overseeing the country's crypto exchanges. According to recent reports, members of the media are beginning to gather near the Coincheck headquarters.
According to cointelegraph.com
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