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Coincheck, the Tokyo-based cryptocurrency exchange victim of a $ 500 million worth theft, has resumed new account openings, customer deposits, and purchasing of some digital currencies.
The operator had suspended some services following the late January incident in order to protect customers' badets and investigate the cause of hacking.
Coincheck Exchange Resumes Trading of BTC, ETC, BTC, LTC, New Accounts Exclusive for Japan Residents
The theft of $ 500 million worth of NEM in early 2018 caused alarm in Japan, the Financial Services Agency (FSA), to be more demanding of the cryptocurrency exchanges operating in its jurisdiction.
Coincheck has improved its governance and internal control throughout the year in order to safely restart its activities, the company explained in the announcement.
"In particular, we resumed JPY withdrawal in February 2018 and remitting and selling of cryptocurrencies in the period of March to June 2018. And now, here we announce that Coincheck has resumed" new account openings "and" customers "depositing and purchasing some cryptocurrencies "services today."
The cryptocurrencies made available for BTC, ETC, LTC, and BCH, which are also available for purchase. Bitcoin trading on Coincheck was never suspended and they were always able to sell their cryptocurrency on their portfolios.
New search results are only available for customers residing in Japan. The registration process includes the submission of identification documents and a KYC check, before receiving a postcard-sized letter from the Japan Post instructing the account activation.
Coincheck requests existing customers to a depositing address when reusing the depositing service. If a remittance is sent to the old deposit address, the operator will not reflect it on the user's balance nor return it back.
The operator, which was acquired by the Monex Group for $ 33.5 million, may have only one month of trading in the market.
Coincheck is yet to resume depositing and buying of ETH, XEM, LSK, XRP, and FCT, its affiliate service, JPY depositing through convenience stores, JPY quick depositing (Pay-easy), Coincheck Payment , and Coincheck DENKI (electricity). The services are expected to resume as they are confirmed and the operator added.
In May 2018, the Monet (XMR), Zcash (ZEC), Dash and Augur's Reputation (REP), published in Japan.
Featured image from Shutterstock.
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