SHADOW OF MT. GOX: Crypto-friendly Japan is not likely to impose an extensive clampdown, but it will be interesting to view its regulatory response, an analyst said

Taipei Times
Date: Jan 28, 2018
By: Bloomberg

The disclosure that one of Japan’s biggest cryptocurrency exchanges lost about US$400 million in NEM tokens is spooking investors in a nation still wary of such venues four years after the collapse of Mt. Gox.

After hours of speculation on Friday night, Coincheck Inc said the coins were sent “illicitly” outside the venue.

Cofounder Yusuke Otsuka said the company did not know how the 500 million tokens went missing, and the firm is working to ensure the safety of all client assets.

Coincheck said earlier it had suspended all withdrawals, halted trading in all tokens except bitcoin, and stopped deposits into NEM coins.    [FULL  STORY]