Who founded Coincheck and when did it launch?
Coincheck was founded by Koichiro Wada and Yusuke Otsuka, launching in August 2014 through a company previously called ResuPress, which was founded in 2012.
Questions about Coincheck
Short answers, pulled from the story.
What happened in the Coincheck hack of January 2018?
In January 2018, hackers stole about 500 million NEM tokens, worth close to 530 million US dollars, from Coincheck, moving the funds through nineteen separate accounts.
Who acquired Coincheck and for how much money?
Monex Group acquired Coincheck in April 2018 for 3.6 billion yen, about 33.4 million US dollars.
How did Coincheck compensate users after the 2018 NEM token hack?
Coincheck repaid all 260,000 affected users in Japanese yen using its own capital, after initially saying it might not be able to compensate everyone.
How many people were charged over the Coincheck NEM token theft?
By the 1st of February 2021, the Tokyo Public Prosecutors Office had charged 31 individuals connected to transactions involving the stolen NEM tokens, and those individuals converted about 18.8 billion yen worth of the coins into other cryptocurrencies.
What did Japan's Financial Services Agency do after the Coincheck hack?
Japan's Financial Services Agency ordered Coincheck to improve its security practices but did not require the exchange to shut down, citing concern for protecting its users.