Coincheck Produces Recovery Plan While Investors Flock to Withdraw Funds117.67

Japanese cryptocurrency exchange Coincheck has submitted a report to the country's financial authority outlining measures it will take following the hack that lost 58 billion yen worth of the cryptocurrency NEM from its platform. Customers rush to withdraw 40.1 billion yen of their funds so far as the exchange resumes yen withdrawal service. On February 13, Coincheck resumed Japanese yen withdrawals as previously promised and successfully processed 40.1 billion yen, the exchange confirmed. Yusuke Otsuka, Coincheck COO, said at a news conference that "The exchange would be able to meet future withdrawal requests," but "Declined to comment on the total amount of customers' yen still stored at the exchange," Reuters reported.
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