3/13/2018, 10:05 AM (Source: TeleTrader)
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Coincheck spends $435M on refunds for crypto heist

Coincheck Inc. said on Tuesday that it compensated owners of 260,000 accounts that were hacked in January, when 523 million units of cryptocurrency NEM, or XEM, were stolen. The refunds amounted to ¥46.3 billion ($435 billion), according to the platform operator, which added some of the services are now available again. The rate was calculated at ¥88.55, against ¥110 from the time of the crypto heist. On the flipside, the value is almost twice as high than in current market trading.

The resumption of withdrawals includes Bitcoin, the company said. The most widely watched digital currency was 0.49% higher at 10:02 am CET, selling for $9,170, compared to a rise of 0.57% to €7,452.51. Futures for settlement next month on CME Globex jumped 3.93% to $9,115. Offshoot cryptocurrency Bitcoin Cash was down 1.43% at $1,034.

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