Getting Robbed May Save These Crypto Traders $262 Million
(Bloomberg) -- For victims of the $500 million heist at Japanese cryptocurrency exchange Coincheck Inc., getting robbed may have been a blessing in disguise.
That’s $262 million higher than the current market value of the stolen coins, which have slumped since the theft in January amid a broad retreat in cryptocurrencies. Coincheck said it’s using company funds to reimburse victims and will start the payouts as soon as next week. The exchange may also resume some operations next week.
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