Almost a year after infamous hack, Coincheck reopens trading for XRP

Almost a year after infamous hack, Coincheck reopens trading for XRP
Nov 27, 2018 01:54 PM By: Art Vasquez | 2216 Views

Japanese exchange Coincheck, which was hacked for a substantial amount of money at the start of 2018, has lately started to reopen trading for some cryptos. The XRP token is modern to be approved, according to an official report.

Back in January, hackers gained in stealing XEM tokens worth $534 million from the trading platform. This was the most important change hack the crypto space had seen, and it appeared at the height of the historic bull run. Japan's FSA finally decided to implement stricter safety standards to protect funds.

After being dormant for almost ten months in the wake of the hack, Monex Group, the organization that owns the exchange, voted to reopen trading. Coincheck started offering assistance again earlier this month, initially for ETH, BTC, LTC and other coins.

Trading partners for the second-largest crypto token, XRP, will now be open on Coincheck. Users of the program will also be able to trade Factom (FCT), deposit and withdraw Japanese yen, and residents of Japan will be able to begin new accounts on the exchange.

#XRP #Coincheck

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