Quick Issue - A Japanese token exchange ‘Coincheck’ has lost ¥62B customer’s token

News Link : Quick Issue - A Japanese token exchange ‘Coincheck’ has lost ¥62B customer’s token

Today, Japanese domestic token exchange ‘Coincheck’ has found that the virtual currency "NEM”, which is regarded as customer's assets under custody, amounted to 540 million NEM,  and more than about 62 billion yen in Japanese yen had been drawn out extraordinary.

Ichiro Yamamoto, A reporter from Yahoo! News Japan, made an inquiries to CoinCheck Company. (He threw inquiries individually online) It is only in the state that there is a reply of the content saying "I want you to wait until the state can be explained officially". And there isn’t any official notice untill now.

2018/1/26 PM 12:38 - Currently, we also suspended the sale and purchase of NEM. We are sorry for your inconvenience, but we appreciate your understanding.

2018/1/26 PM 12:52 - Currently, NEM's withdrawal is temporarily suspended. We are sorry for your inconvenience, but we appreciate your understanding. We apologize for any inconvenience. We will inform you as soon as we become aware of the cause and details, please humbly, thank you.

NEM is the most popular blockchain token in Japan, based POI algorithm and JavaScript. Its estimated total volume is about to 9 billion, and its algorithm allows more token for accounts having more transaction. (It’s the difference between POW/POS and POI.)

The official said, CoinCheck did not have any measures to preserve investor's account, and this policy is based on the shareholder led by Sataata Henri, who has a deep influence on the management policy of CoinCheck Company. 

"NEM" has a mechanism to convert law-based currency through "WeChat" and token exchanges in Chinese mainland, which has been regarded as one of the cryptographic currencies with many unauthorized accesses. 

The reporter of this article thinks that this coin check company has an obligation to disclose the situation at an early stage without obscurity, but at this stage it seems that the victim's office has not yet reported the damage.