Crypto traders to file lawsuit against Coincheck over freezing of withdrawals
Crypto traders of Coincheck are suing the exchange to get their money back after freezing of wallets. The biggest hack of the crypto world in 2018 happened last month when the popular Japanese cryptocurrency exchange, Coincheck claimed to lost at least $400 million worth of crypto coins in users' funds to hackers. Afterwards, the company restricted withdrawals of all currencies, including Yen, and trading of cryptocurrencies excluding Bitcoin. For now, it appears that crypto traders of Coincheck will not let it go like that and they can't bear any delay in withdrawals. According to Reuters , ten traders will file the claim at the Tokyo District Court over Coincheck's freezing of cryptocurrency withdrawals. This has been revealed by a lawyer representing the plaintiffs named Hiromu Mochizuki. Coincheck froze transactions on its platform, holding plenty of virtual wealth hostage in the process after the hack of around 500 million NEM tokens occurred on its website. For now...