In a press release reported by Cointelegraph Japan, Coincheck, the Japanese exchange which was hacked a few weeks ago, announced it will reimburse all users affected by the loss of funds "by the end of next week", a time at which it also expects to restart trading.
The hack left Coincheck without more than $500 million in NEM, coming from more than 260,000 users' wallets. Payback will not be in NEM, but in Yen, which is something very interesting and certainly a different narrative from the MtGoxx ghosts which are still flooding the markets with seized tokens.
The hack made Japanese authorities to launch a series of investigations, stopping more than 15 exchanges from trading, while other are waiting licenses or still being audited.
It's a sad news from Coincheck, which loses half a billion dollar in Yen, but a very good news for the market.
The recent SEC FUD, combined with the delayed MtGoxxing in the form of a $400 million worth of Bitcoin dumped silently, sent markets drastically in red.
I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me @dragosroua.
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