Coincheck Freezes All Withdrawals After 101,265,057 XRP Left its Wallet

On Friday, Jan. 26, japanese cryptocurrency exchange Coincheck has suspended all withdrawals as a XRP payment worth $123mln left its wallet.

“All withdrawals from the platform are currently restricted, including JPY. Thank you for your understanding. We are doing our utmost to resume normal operations as soon as possible,” the company said in their last update on the blog.

According to Cointelegraph, unconfirmed reports said that in addition to the huge XRP transaction, 600 million of NEM has left the exchange.

On  English and Japanese social media, Coincheck promised users it would provide full details in due course, while in the meantime apologizing for the abrupt cut to services.


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