Coincheck partially resumed work

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May 7, Crypto-exchange Coincheck partially resumed its work, commencing operations with Monero (XMR). However, while users are only entitled to the withdrawal and sale of coins, the purchase of XMR is not yet available.

May 7, Crypto-exchange Coincheck partially resumed its work, commencing operations with Monero (XMR).

However, while users are only entitled to the withdrawal and sale of coins, the purchase of XMR is not yet available. In addition, the representatives of the exchange said that all applications for transactions left on the platform have been cancelled so far, now users have to create new ones.

In addition, now traders must additionally confirm the address of the recipient for security purposes in the derivation and sale of assets. Now, when performing operations on the platform, it is necessary to fill in the field “transfer target”, it is also necessary to confirm the identity of the user when performing any operation.

Coincheck can now unilaterally stop operations on the site with increased network load or strong asset volatility. Recall, the Coincheck exchange was hacked in January 2018 and incurred losses of 534 million US dollars in the NEM cryptocurrency.

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