Japan to let Coincheck resume yen withdrawals Tuesday: source

Cryptocurrency exchange Coincheck's signboard is pictured in front of a building where their office is located, in Tokyo
Cryptocurrency exchange Coincheck's signboard is pictured in front of a building where their office is located, in Tokyo, Japan January 29, 2018. REUTERS/Kim Kyung-Hoon

February 9, 2018

TOKYO (Reuters) – Japanese regulators will allow cryptocurrency exchange Coincheck Inc to resume yen withdrawals from Tuesday, a person with direct knowledge of the matter said.

Coincheck, reeling from the theft of $530 million worth of NEM digital money by hackers last month, has received yen-withdrawal requests from customers totaling about 30 billion yen ($280 million), the person said.

The exchange froze withdrawals of yen and digital currencies following the theft.

($1 = 109.0600 yen)

(Reporting by Takahiko Wada Writing by Thomas WilsonEditing by William Mallard)