Coincheck falsely explained security to customers -industry group head
31/01/2018 09:23
TOKYO, Jan 31 (Reuters) - Japanese Coincheck made false
explanations to customers about its security system before
suffering one of the world's biggest cyber heists, the head of a
major cryptocurrency industry group said on Wednesday.
If similar problems had occurred in securities or currency
margin trading the authorities would have halted the exchange's
operation, Taizen Okuyama, head of the Japan Cryptocurrency
Business Association, added at an industry event.
Officials at Coincheck were not immediately available for
comment.
Japanese authorities said on Monday they would investigate
all cryptocurrency exchanges in the country for security gaps
and ordered Coincheck to raise its standards after hackers stole
$530 million of digital money from the Tokyo-based exchange.
urn:newsml:reuters.com:*:nL4N1PO1I1
(Reporting by Takahiko Wada; Writing by Thomas Wilson; Editing
by Shri Navaratnam)
((T.Wilson@thomsonreuters.com; 81-3-6441-1598; Reuters
Messaging: t.wilson.thomsonreuters.com@reuters.net))
Keywords: JAPAN CRYPTOCURRENCY/