Dr. Takayoshi Doi was arrested in connection with allegedly buying $46,000 worth of NEM that had been stolen from the exchange.
It has come to the FSA’s attention that some financial service providers located overseas were attempting to service Japanese customers.
Coincheck confirmed that a third party was able to fraudulently obtain user’s email addresses and personal data.
The arrested men are accused of purchasing stolen NEM on the dark web, violating laws that were set up to tackle organized crime online.
Coincheck’s margin reduction will come into effect from October 31, with new margin trading orders suspended effective immediately.
Investigators believe that, because of the malwares used, Russian hackers are likely to blame for the biggest theft in history.
Monex is hoping that, by adding digital assets through Coincheck, it can compete with some of the giants of the Japanese financial world.
The platform first made the announcement after the Bitcoin Cash (BCH) hard fork last year, but is now moving forward with payouts of any BSV holdings.
The Japan Virtual Currency Exchange Association announced the addition of five new crypto exchanges to their Type II member list, further solidifying their place as a self-regulating body.
Japanese cryptocurrency exchange Coincheck has been awarded a crypto license by the Financial Services Agency (FSA), according to reports.
The Japanese cryptocurrency exchange Coincheck is determined to operate normally with its deposit and withdrawal services have been restored.