In the most recent development coming from Japan, informed sources at TOKYO (Jiji Press) confirm that Japanese virtual currency exchange operator Coincheck Inc. is seriously considering a capital tie-up. This recent development comes following the massive cryptocurrency theft that occurred just a month. This was one of the biggest crypto thefts in recent times as 500 million NEM tokens were stolen, which amounts up to $391 million. The hackers transferred these NEM tokens into 19 accounts, one of the accounts has no connections whatsoever with the hacker.
The team at Coincheck believe that this move shall help them strengthen their financial base and regain trust.
According to the sources, several possible partners have emerged, including an investment fund, however, this is just a consideration on behalf of Coincheck so no frontrunner has been revealed. “Coincheck’s customer base of over one million is fascinating,” an official in the virtual currency industry further added. “Coincheck’s customer base of over one million is fascinating,”
But at the same time, the members of coin check fear that they could lose customers after the hacking incident and that it may become a victim of cyber-crime again. An official at a financial institution said also said. “Investing in the company could involve great risks,”
Coincheck expressed its eagerness to continue its business in a statement on Monday, saying they look at this hack as a learning curve and will further strengthen its computer security system and information disclosure policy.
Coincheck was founded in August 2014 in Tokyo, Japan which also serves as the headquarters for them.
Founding members of Coincheck are Koichiro Wada and Yusuke Otsuka. They have previously partnered with SEKAI to support China, Hong Kong and Taiwan investors for buying real estate in Japan using Bitcoins