$530 million cryptocurrency heist: Japan's Coincheck to report to regulator

Japanese cryptocurrency exchange Coincheck Inc, stung by the theft of $530 million of digital money in January, is expected on Tuesday to file a report with regulators on the hacking.

The Financial Services Agency ordered Coincheck to raise its standards after the hack and gave the exchange until February 13 to submit a report on the heist, the safety of its systems, and measures it would take to prevent a repeat.

Coincheck said on Friday it would allow customers to restart yen withdrawals on Tuesday.

The exchange, which froze all withdrawals of yen and digital currencies following the theft, said it had confirmed the integrity of its system security.

Coincheck has received withdrawal requests from customers totalling about 30 billion yen ($280 million), a person with direct knowledge of the matter told Reuters last week.