The Bybit hack is more than twice the size of the second-largest crypto exploit, which affected the Ronin Network.
Coincheck News
Coincheck is a Bitcoin wallet and Japanese cryptocurrency exchange platform established in 2014. The Coincheck exchange services provide exchanges between fiat currencies and Bitcoin or Ether. Coincheck is a member of the Japan Blockchain Association and is one of the major developers of cryptocurrency usage standards for the Japanese government. Coincheck fell victim to a hacking operation, which is now recognized as one of the largest cryptocurrency exchange hacks. 500 million NEM tokens were stolen from Coincheck in January 2018, amounting to around $520 million in losses. Although all 260,000 users who were victims of the incident were repaid, the Coincheck hack triggered changes in the cryptocurrency industry, forcing exchange platforms to improve their security systems and provide governments with an opportunity to reinforce a regulatory framework on the industry.
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Despite a significant jump in quarterly revenue, Coincheck Group still reported a net loss of $98.1 million.
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Following a $1.3 billion merger, Coincheck’s ordinary shares and warrants will start trading on the Nasdaq on Dec. 11.
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This week’s Crypto Biz features Robinhood’s Wells notice, Grayscale’s Ether ETF application, Coincheck’s merger deal and Block’s billionaire debt offering.
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Coincheck and Thunder Bridge Capital filed their registration statement with the SEC, bringing their merger and Nasdaq listing closer to completion.
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Crypto exchanges are hacked surprisingly often. A few of the biggest crypto heists that occurred in the past few years are discussed in this article.
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The majority shares of the new combined holding company called Coincheck Group, N.V would be owned by Coincheck’s parent company Monex Group Inc.
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The Hashpalette token sale on Coincheck is set to become Japan’s maiden initial exchange offering event.
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The Coincheck crypto exchange will list Chiliz and Socios' non-fungible tokens on its new NFT marketplace.
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Investigators reportedly identified the individuals by tracing the crypto exchange accounts used to launder the funds.
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Oki Matsumoto, the head of Japanese financial services giant Monex, has welcomed the Bank of Japan’s recent interest in central bank digital currency.
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CryptoKitties will be part of the NFT marketplace on a major Japanese crypto exchange.
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This will be made possible thanks to the integration of a well-known blockchain plugin.
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Japanese exchange Coincheck will be offering an initial exchange offering in coordination with Hashpalette to sell its Palette Tokens.
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A Tokyo court sets a precedent in the Japanese crypto industry.
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