BTC
$106,291.07
-
1.13%
ETH
$2,657.55
+
0.77%
USDT
$1.0001
-
0.00%
XRP
$2.2825
+
1.57%
BNB
$677.78
-
1.20%
SOL
$168.52
-
0.90%
USDC
$0.9998
+
0.01%
DOGE
$0.2195
+
0.42%
ADA
$0.7337
-
1.08%
TRX
$0.2765
+
0.64%
SUI
$3.5579
+
0.39%
HYPE
$32.66
-
3.11%
LINK
$15.32
-
0.59%
AVAX
$22.71
-
1.04%
XLM
$0.2821
+
0.20%
TON
$3.4142
-
0.10%
LEO
$9.0733
-
0.27%
SHIB
$0.0₄1416
+
0.56%
BCH
$409.08
+
0.38%
HBAR
$0.1810
-
0.85%
Logo
  • News
  • Prices
  • Data
  • Indices
  • Research
  • Events
  • Sponsored
  • Sign In
  • Sign Up
Markets
Share this article
X iconX (Twitter)LinkedInFacebookEmail

Coincheck Exchange Confirms Yen Withdrawals to Start Next Week

Japanese cryptocurrency exchange Coincheck has said it plans to allow users to start withdrawing local currency from their accounts next Tuesday.

By Daniel Palmer
Updated Sep 13, 2021, 7:33 a.m. Published Feb 9, 2018, 11:20 a.m.
Japanese yen coins

Japanese cryptocurrency exchange Coincheck has announced that it plans to allow users to start withdrawing local currency from their accounts next Tuesday.

In a notice posted today, the company – which suffered a notable hack in late January – said (via unofficial translation):

Story continues
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
By signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy.
"Currently, assets of customers' Japanese yen are managed safely in customer's account of financial institution. From this, we resume the work related to withdrawal and we will resume the withdrawal in order from the following resume date: February 13, 2018."

The news should come as some relief to customers who have had funds stuck on the exchange since it confirmed it suffered what was likely the biggest hack in the history of cryptocurrency.

On Jan. 26, after an abrupt service shutdown, Coincheck called a press conference at which it conceded that 500 million NEM tokens (worth around $533 million at the time) had been taken from its digital wallets by an intruder.

Since the attack, the company has said it will refund users who lost NEM in the hack – a promise that has seen an on-site investigation by Japan's financial watchdog, the Financial Services Agency (FSA), to ascertain Coincheck's ability to honor the proposal.

The FSA also ordered a review into the security weaknesses that led to the hack, as well as demanding a report for proposed improvements in management to the authority by Feb. 13.

The watchdog said at the time that, "Inappropriate management of system risks had become the norm at Coincheck."

Japanese yen image via Shutterstock

ExchangesJapanCoincheckNewsMarketsHacks
Daniel Palmer

Previously one of CoinDesk's longest-tenured contributors, and now one of our news editors, Daniel has authored over 750 stories for the site. When not writing or editing, he likes to make ceramics.

Daniel holds small amounts of BTC and ETH (See: Editorial Policy).

Picture of CoinDesk author Daniel Palmer
Latest Crypto News
Article image

Bitcoin Whales Seem to Be Calling a Top as BTC Price Consolidates

4 hours ago

Bitcoin (BTC) price on May 19 (CoinDesk)

Bitcoin Climbs to $105K; Crypto ETF Issuer Sees 35% Upside

4 hours ago

Breaking News

Breaking New test

8 hours ago

FastNews (CoinDesk)

Fast News test

8 hours ago

Article image

Ethereum Surges 4% on Massive Volume as Institutional Interest Grows.

May 27, 2025

Article image

test research article

May 22, 2025

Top Stories
SHIB-USD 1-month chart shows 24.57% gain ending at $0.00004146 on May 15

Shiba Inu (SHIB) Price Drops 7% in 24 Hours but Remains Up 25% Over the Past Month

May 15, 2025

(CJ/Unsplash)

XRP Futures Start Trading on CME

May 19, 2025

Tax sign (The New York Public Library/Unsplash)

Crypto Capital Gains and Tax Rates 2022

Nov 14, 2022

Swap

Atomic Swaps: What Are They & How Do They Work?

Jan 11, 2024

Pancakes (Mae Mu/Unsplash)

What Is PancakeSwap? Here’s How to Start Using It

Apr 21, 2022

Futures Open Interest, CME (Glassnode)

Recent Inflows Into Spot Bitcoin ETFs Could Be Purely Directional Plays: Van Straten

Dec 4, 2024

Only 2 articles remaining this month.

Sign up for free

About

  • About Us
  • Masthead
  • Careers
  • CoinDesk News
  • Crypto API Documentation

Contact

  • Contact Us
  • Accessibility
  • Advertise
  • Sitemap
  • System Status
DISCLOSURE & POLICES
CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.
EthicsPrivacyTerms of UseCookie SettingsDo Not Sell My Info

© 2025 CoinDesk, Inc.
X icon
Sign Up
  • News
    Back to menu
    News
    • Markets
    • Finance
    • Tech
    • Policy
    • Focus
  • Prices
    Back to menu
    Prices
    • Data
      Back to menu
      Data
      • Trade Data
      • Derivatives
      • Order Book Data
      • On-Chain Data
      • API
      • Research & Insights
      • Data Catalogue
      • AI & Machine Learning
    • Indices
      Back to menu
      Indices
      • Multi-Asset Indices
      • Reference Rates
      • Strategies and Services
      • API
      • Insights & Announcements
      • Documentation & Governance
    • Research
      Back to menu
      Research
      • Events
        Back to menu
        Events
        • Consensus Hong Kong
        • Consensus 2026
        • CoinDesk: Policy & Regulation
      • Sponsored
        Back to menu
        Sponsored
        • Thought Leadership
        • Press Releases
        • CoinW
        • MEXC
        • Phemex
        • Advertise
      • Videos
        Back to menu
        Videos
        • CoinDesk Daily
        • Shorts
        • Editor's Picks
      • Podcasts
        Back to menu
        Podcasts
        • CoinDesk Podcast Network
        • Markets Daily
        • Gen C
        • Unchained with Laura Shin
        • The Mining Pod
      • Newsletters
        Back to menu
        Newsletters
        • The Node
        • Crypto Daybook Americas
        • State of Crypto
        • Crypto Long & Short
        • Crypto for Advisors
      • Webinars & Events
        Back to menu
        Webinars & Events
        • Consensus 2025
        • Policy & Regulation Conference
      Select Language
      English enEspañol esFilipino filFrançais frItaliano itPortuguês pt-brРусский ruУкраїнська uk