Who founded Coincheck and when was it established?
Koichiro Wada and Yusuke Otsuka established Coincheck in August 2014. The company began as ResuPress, inc., which had been founded two years earlier in 2012.
Questions about Coincheck
Short answers, pulled from the story.
What happened to Coincheck in January 2018?
Hackers breached Coincheck's systems in January 2018 and stole approximately 500 million NEM tokens. That theft represented a value of around $530 million at the time.
How many people were charged by the Tokyo Public Prosecutors Office regarding the Coincheck hack?
The Tokyo Public Prosecutors Office charged thirty-one individuals for their role in laundering stolen funds by February 2021. These suspects converted around 18.8 billion yen worth of stolen coins into other cryptocurrencies.
When did Monex Group purchase Coincheck and for how much money?
Monex Group purchased Coincheck in April 2018 for 3.6 billion yen. That transaction valued at approximately US$33.4 million marked a turning point for the struggling exchange.
Who received compensation from Coincheck after the security breach?
Coincheck decided to repay all 260,000 affected users using its own internal capital. Every customer received reimbursement in Japanese yen rather than the original NEM tokens.