Coincheck resumes XRP trading, 10 months after the infamous $ 530 million theft

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Crenellated crenellated exchange Coincheck announced the resumption of exchange pairs for actual XRP and FCT tokens on Monday 26 November.

In a statement on its website signed by the president of the company Toshihiko Katsuya, it was revealed that from Monday the deposits and sales of the two cryptocurrencies will be partially restored along with some ancillary services.

It will be recalled that in January the Japanese exchange suffered what was classified as the biggest cryptocurrency theft in history, losing about 530 million NEM tokens in a hack that led to greater regulatory control of crypto trade in Japan.

Coincheck restores services

Originally written in Japanese, an excerpt translated from the Coincheck statement reads:

"In connection with the unauthorized transfer of the NEM virtual currency due to unauthorized access on 26 January 2018, the Company partially suspended the services in order to investigate the cause of the protection of the assets of customers and unauthorized remittances and formulated a business improvement plan In implementing this plan, we have tried to improve our management control system and internal control system, in addition, with the help of external experts who have carried out a step-by-step security audit , we have restarted the service that allows the reception, purchase and exchange of XRP and FCT. "

According to the statement, the restoration of trading services for XRP and FCT brings the total number of cryptocurrencies actively supported on the nine-tier platform following the previous recovery of trading services for bitcoins, cash cash, ethereum, litecoin, ethereum classic, lisk and NEM.

Coincheck also revealed that due to the increased volume of traffic, there is the possibility that customers find it temporarily difficult to access the platform or make inquiries. To this end, the declaration stated that the company reserves the right to temporarily suspend trading without notice at its discretion in the event of large increases in the volume of transactions. In addition, customers have been informed that the resumption of XRP and FCT trades could be suspended if new problems are discovered.

The move represents a significant change in luck for the exchange that has been surrounded by uncertainty about whether it will reopen or not completely. CCN reported on November 1 that the president of Coincheck Oki Matsumoto expressed doubts about the prospect of re-opening to welcome new users, as this depends on the ability of the platform to obtain a new license from the Japanese financial regulatory authority after have carried out a complete review of security and management.

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