Coincheck: “if it’s anonymous we can not trade it”

Selling panic after Coincheck announced that it will stop handling cryptocurrencies focused on anonymity Monero, Dash, and ZCash after the big hack in January, when more than $ 500 million in NEM were stolen from the exchange. The three anonymous coins will be purchased by Coincheck from customers at a fixed price.

In turn, Bittrex will eliminate wallets and coins from the Exchange. These actions are taken to ensure that customers have access to digital tokens that continue to meet their strict criteria for listing currencies and have a blockchain and wallet that work correctly.

Coincheck froze the trade and withdrawals of all the cryptocurrencies after the NEM was stolen, but the exchange resumed the activities of certain currencies on March 12. The exchange has already reimbursed 260,000 affected customers more than $ 440 million of its own funds, reports the Japan Times.

In addition, about half of the NEM stolen in the hack have been allegedly converted into different cryptocurrencies for the use of money laundering, a cybersecurity expert told the Japan Times. The NEM Foundation had reported that the stolen NEM began to be moved to different wallet addresses on January 30.

According to the Japan Times, hackers began converting the NEM on February 7 into a site created in the dark network. Some of the stolen NEMs from Coincheck have been found in an exchange in Canada, as well as in the Japanese exchange of NEM Zaif.

Coincheck, which is still waiting to be registered as a crypto exchange by the Japanese Financial Services Agency (FSA), was notified of a business improvement notification on March 8, after it was formed. part of a series of FSA inspections that included 15 other unregistered Japanese exchanges. The notification specifically cited Coincheck for lacking a system to prevent money laundering and terrorist financing.

The Japan Times noted that Coincheck’s decision to stop operating the three Monero, Dash and ZCash cryptocurrencies is probably a response to the FSA’s notification of improvement. Owners of such anonymous cryptocurrencies can not be tracked in the Block Chain, making them possibly easier to use for money laundering.

In the case of Bittrex, it will remove the portfolios included in the list below on March 30, 2018. Once these portfolios are eliminated, we will no longer be able to recover these currencies. Users must withdraw their coins before March 30, 2018 in order to keep them. The coins marked with an asterisk (*) have broken blockchains or wallets that will not allow withdrawals. In those cases, the inability to withdraw your balance is not due to the Bittrex Exchange platform, but is caused by a problem with the underlying block chain or the wallet associated with that currency:

8BIT, ADC, AM, AMS, APEX*, ARB, BITS*, BITZ*, BLC, BOB, BSTY, BTA, CCN, CRBIT*, CRYPT*, DAR, DGC, DRACO, DTC, FC2, FRK, FSC2*, GEMZ, GHC, GP, GRT, HKG, HYPER*, HZ, J, KR*, LXC*, MAX, MEC, METAL, MND, MTR*, MZC, NAUT, NET, NEU*, NTRN, OC*, ORB, PRIME*, PXI, ROOT*, SCOT, SCRT*, SFR*, SLG, SLING*, SOON, SPRTS, SSD*, STEPS*, STV, SWING, TES, TIT, TRI, TRK, U*, UFO, UNIQ*, UNIT, UNO, UTC, VIOR*, VIRAL*, VPN, WARP*, XAUR, XBB, XC, XCO, XDQ*, XPY*, XQN, XSEED*, XTC, YBC*

Jose Felip

The difficult thing is not to learn, the difficult thing is to know how to teach.
Editor and coordinator of the free book “La era de las BLOCK punto COM”
CEO of bitcoiner.today

Jose Felip

Jose Felip

The difficult thing is not to learn, the difficult thing is to know how to teach. Editor and coordinator of the free book "La era de las BLOCK punto COM" CEO of bitcoiner.today