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Coincheck Clients Compensated from Crypto Heist, XEM Soars

  • Published on: Mar 13, 2018 - 3:36 AM
  • Source: Bitcoinist

Coincheck Clients Compensated from Crypto Heist, XEM SoarsWhen a crypto exchange or digital wallet provider is compromised, the digital loot is often moved away so fast that there is no chance of recovery. This is what happened to Coincheck in January when 523 million XEM tokens were pilfered from the exchange. As promised, however, the Tokyo-based exchange has just completed reimbursing its clients for the loss. According to a report in the WSJ, Coincheck claims that it has completed the compensation it promised to its customers for the loss. A total of 46.3 billion JPY ($433 million USD) was spent from the company’s own funds to reimburse 260,00 …

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