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Coincheck to Return $425M in Virtual Money Lost to Hackers

Tokyo-based cryptocurrency exchange Coincheck Inc said Sunday it would return about 46.3 billion yen ($425 million) of the virtual money it lost to hackers two days ago in one of the biggest-ever thefts of digital money. That amounts to nearly 90 percent of the 58 billion yen worth of NEM coins the company lost in an attack Friday that forced it to suspend withdrawals of all cryptocurrencies except bitcoin. Coincheck said in a statement it would repay the roughly 260,000 owners of NEM...

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