Coincheck resumes XRP and Factom services

Posted 26 November, 2018

Coincheck trading platform run by Japan's Monex Group, reportedly restore support of XRP and Factom coins as a gradual business recovery.

For now, users can enjoy deposit and withdrawal services for all cryptos that became inactive at the platform after the January hack but were not delisted. For reference, Coincheck faced the major hack attack this January with losses exceeding $500 million in NEM tokens. Following the hack, the platform suspended practically all services.

However, the company commenced gradual business recovery back in January. Japanese financial giant Monex Group acquired the exchange in April. Specifically, the yen withdrawals were resumed in February, while crypto services (exchange, transfers, etc.) were restored in March-June.

In late October, the platform opened new account registration and deposits in bitcoin, Ethereum Classic, Litecoin и Bitcoin Cash (BCH) followed by Ethereum, NEM and Lisk later.

Other services (loan transactions, reference programme, yen deposits and Coincheck Payment, Coincheck DENKI) are being prepared for the restart.

However, they will be put into service only once the third-party experts check the platform and confirm that Coincheck has sufficient protection.

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27 November, 2018 15:59

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