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© 2018 AFPCryptocurrency trader Coincheck sued after hack
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© 2018 AFP
17 Comments
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Nan Ferra
It's okay to bow as this is cultural, but also make them pay financially and with jail time as a deterrent to others.
Samit Basu
Still wondering how Coincheck will be able to refund $450 million to customers.
Madden
This seems to be the same suit as this site:
https://www.ccbengo.jp/
Seems like anyone else affected can join in.
fxgai
I’m not a balance sheet expert but I think this capital is distinct from other monies a company may have in its bank accounts. For example, retained earnings resulting from operating profits from its business, could be money sitting in the bank.
Coincheck may have done pretty well during the crypto bubble last year. I don’t know how they structure their fees, but if it were a percentage of transaction amounts it would have done great as bitcoin went up by 2000%.
miyakojimadan
Make them pay financially? Yes, of course.
Jail time? Jail time for what? For being incompetent ? If we gave everyone in Japan jail time for being incompetent there would be a lot of people in jail. They didn't do anything criminal; just didnt do their jobs. Thankfully for many people that is not a crime resulting in jailtime.
B.l. Sharma
The practice of offering apologies by bowing must be stopped in Japan now as people have seen enough of such apologies in the public domain. It high time that the real culprits are caught and punished to put an end to their fraudulent actions in public life.
Myhumbletake
I wonder how the lawyers will defend the case given the popular fact that digital or virtual currencies do not fall into state laws and regulations. You get what you pay for.
spinningplates
Is it O.K. to essentially be glaring balefully when performing an apologetic bow? (as demonstrated in the photo).
I only asked because i did a quick search on bowing etiquette and found nothing about whether eyes should be open or closed.
IMO the eyes would be closed to convey a sincere apology?
fxgai
The guy in the front of the picture does seem to have his eyeballs pointing up, doesn’t he.
CaptDingleheimer
That photo looks like they're waiting for the starting bell at a pie-eating contest.
Where are the pies?
SaikoPhysco
There is no way everybody will be reimbursed. $530 Million.... where will they get that much money. The people that are suing.... they know they better get first in line.
ushosh123
lose 530 million? shoganai!
Please tell me how this is not a scam.
Strangerland
What? Please tell me how it is.
Nick in Japan
I do not trust a Visa card, so no way in hell will I ever use Cryptocurrency.
Nan Ferra
miyakojimadanFeb. 15 07:19 pm JST
Make them pay financially? Yes, of course.
Jail time? Jail time for what? For being incompetent ?"
Wrong! They had a fiduciary duty which they breached.