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Regulators Investigate Whether Coincheck Can Compensate Hack Victims

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Japanese financial regulators are scrutinizing the cryptocurrency exchange Coincheck to see whether they can really afford to compensate customers for lost funds. The exchange faced a crisis in late January as 500 mln NEM, valued at $530 mln, were stolen by hackers. Following the breach, Coincheck announced their plan to repay users for 80 percent of their losses, or $420 mln total.

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