{"id":58721,"date":"2018-02-13T06:31:17","date_gmt":"2018-02-13T06:31:17","guid":{"rendered":"https:\/\/www.biphoo.com\/bipnews\/?p=58721"},"modified":"2018-02-13T06:31:17","modified_gmt":"2018-02-13T06:31:17","slug":"cryptocurrency-traders-to-launch-lawsuit-against-coincheck-on-thursday-lawyer","status":"publish","type":"post","link":"https:\/\/www.biphoo.com\/bipnews\/technology\/cryptocurrency-traders-to-launch-lawsuit-against-coincheck-on-thursday-lawyer.html","title":{"rendered":"Cryptocurrency traders to launch lawsuit against Coincheck on Thursday &#8211; lawyer"},"content":{"rendered":"<h2 style=\"text-align: justify\"><span style=\"font-size: 18pt\"><strong><span style=\"font-family: Arial, Helvetica, sans-serif;color: #000000\">Cryptocurrency traders to launch lawsuit against Coincheck on Thursday &#8211; lawyer<\/span><\/strong><\/span><\/h2>\n<p style=\"text-align: justify\"><span style=\"font-family: Arial, Helvetica, sans-serif;font-size: 14pt;color: #000000\">A group of cryptocurrency traders will file a lawsuit against Coincheck Inc on Thursday over last month\u2019s theft of $530 million (\u00a3382 million) in digital money from the Tokyo-based exchange, a lawyer representing the claimants said.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family: Arial, Helvetica, sans-serif;font-size: 14pt;color: #000000\">The ten traders will file the claim at the Tokyo District Court over Coincheck\u2019s freezing of cryptocurrency withdrawals, Hiromu Mochizuki, a lawyer representing the plaintiffs, told Reuters.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family: Arial, Helvetica, sans-serif;font-size: 14pt;color: #000000\">The traders will request that Coincheck allows them to withdraw cryptocurrencies to \u201cwallets\u201d &#8211; folders used for storing digital money &#8211; outside the exchange, Mochizuki said. The group may launch a second lawsuit at the end of the month to claim for damages over the heist, he added.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family: Arial, Helvetica, sans-serif;font-size: 14pt;color: #000000\">Coincheck representatives did not immediately respond to phone and emailed requests for comment.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family: Arial, Helvetica, sans-serif;font-size: 14pt;color: #000000\">The Coincheck incident highlighted the risks in trading an asset that policymakers are struggling to regulate, and has renewed the focus on Japan\u2019s framework for overseeing these exchanges.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family: Arial, Helvetica, sans-serif;font-size: 14pt;color: #000000\">The Tokyo-based exchange, which froze all withdrawals of yen and digital currencies following the theft, resumed yen-withdrawals from Tuesday, according to posts on Twitter.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family: Arial, Helvetica, sans-serif;font-size: 14pt;color: #000000\">Coincheck said on Friday it would allow customers to withdraw yen after confirming the integrity of its system security. It added it would keep restrictions on cryptocurrency withdrawals until it could guarantee the secure resumption of its operations.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family: Arial, Helvetica, sans-serif;font-size: 14pt;color: #000000\">Coincheck is set to file on Tuesday a report with regulators on the heist, the safety of its systems, and measures it will take to prevent a repeat.<\/span><\/p>\n<p><span style=\"font-family: Arial, Helvetica, sans-serif;font-size: 8pt\">Source:-\u00a0https:\/\/www.reuters.com\/article\/uk-crypto-currencies-japan\/cryptocurrency-traders-to-launch-lawsuit-against-coincheck-on-thursday-lawyer-idUSKBN1FX0AM<\/span><\/p>\n<div class=\"fb-background-color\">\n\t\t\t  <div \n\t\t\t  \tclass = \"fb-comments\" \n\t\t\t  \tdata-href = \"https:\/\/www.biphoo.com\/bipnews\/technology\/cryptocurrency-traders-to-launch-lawsuit-against-coincheck-on-thursday-lawyer.html\"\n\t\t\t  \tdata-numposts = \"10\"\n\t\t\t  \tdata-lazy = \"true\"\n\t\t\t\tdata-colorscheme = \"light\"\n\t\t\t\tdata-order-by = \"social\"\n\t\t\t\tdata-mobile=true>\n\t\t\t  <\/div><\/div>\n\t\t  <style>\n\t\t    .fb-background-color {\n\t\t\t\tbackground: #ffffff !important;\n\t\t\t}\n\t\t\t.fb_iframe_widget_fluid_desktop iframe {\n\t\t\t    width: 630px !important;\n\t\t\t}\n\t\t  <\/style>\n\t\t  ","protected":false},"excerpt":{"rendered":"<p>Cryptocurrency traders to launch lawsuit against Coincheck on Thursday &#8211; lawyer A group of cryptocurrency traders will file a lawsuit against Coincheck Inc on Thursday over last month\u2019s theft of $530 million (\u00a3382 million) in digital money from the Tokyo-based exchange, a lawyer representing the claimants said. The ten traders [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":58724,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[119897,692,12073,10438],"class_list":["post-58721","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-cryptocurrency-traders-to-launch-lawsuit-against-coincheck-on-thursday-lawyer","tag-latest-technology-news","tag-technology-news-today","tag-usa-technology-news"],"_links":{"self":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/posts\/58721","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/comments?post=58721"}],"version-history":[{"count":0,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/posts\/58721\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/media\/58724"}],"wp:attachment":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/media?parent=58721"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/categories?post=58721"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/tags?post=58721"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}