Group lawsuit filed against Coincheck over huge cryptocurrency theft

A group of victims filed a lawsuit Thursday over a massive theft from Japan's virtual currency exchange Coincheck Inc., seeking the return of their cryptocurrencies worth 19 million yen ($178,000).The move is the latest in a series of lawsuits filed by customers of the Tokyo-based bourse operator, which has been under fire for failing to properly safeguard against the theft of 58 billion yen worth of NEM currency in January.Five individuals and two entities filed the lawsuit with the Tokyo District Court on Thursday, according to a group of lawyers supporting victims who lost their holdings…READ FULL ARTICLE