Article 3EFKV Japan cryptocurrency exchange to refund stolen $400m

Japan cryptocurrency exchange to refund stolen $400m

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Guardian staff and agencies
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Coincheck will reimburse 260,000 customers who lost holdings of NEM currency

A Japan-based cryptocurrency exchange will refund to customers about $400m (282m) stolen by hackers two days ago in one of the biggest thefts of digital funds.

Coincheck said it would use its cash to reimburse about 46.3bn yen to the 260,000 people who lost their holdings of NEM, the world's 10th-biggest cryptocurrency by market capitalisation.

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