Exchange Coincheck began paying compensation to victims of the January hacking

On March 12, the Japanese Coincheck exchange started to return funds to users who were victims of a site hacking in January this year, during which 530 million dollars were stolen in the NEM crypto currency. In the stock exchange blog, platform representatives wrote that they will refund money at the 88.549 Japanese yen rate (0.83 dollars) for the stolen NEM token, the same amount they announced at the announcement of payment of compensation. The funds will be received by customers who owned NEM tokens in the evening of January 26th by Japanese time. In accordance with the compensation plan of the exchange, the affected users will be paid 420 million dollars.

In addition, Coincheck announced the resumption of withdrawal of funds, as well as trading in several crypto-currencies, including ETH, ETC, XRP, LTC, BCH and BTC. Soon the service of other assets will be continued.

While the company is trying to get its business back to normal operation, another message from March 12 suggests that Coincheck might have been compromised a few weeks before the break-in. According to Nikkei Asia Review, the reason for the hacking was malware that infected the company's internal computer systems.

In a published article that refers to anonymous sources close to a police investigation, it is said that in early January, hackers first sent phishing emails to Coincheck employees who clicked on links in messages and infected computers with a virus. In this way, hackers were able to capture NEM purse sealed keys a few weeks before the actual hacking.

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After breaking the exchange, the financial services agency of Japan (FSA) conducted searches in the offices of the company's office, during which documents and computer equipment were confiscated. The regulator also did not escape obvious problems with the security system of the exchange - he ordered the site to submit a plan for improving the performance of its systems by March 22