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Feb 13, 2018 08:54 AM IST | Source: Reuters

Cryptocurrency traders to file lawsuit against Coincheck on Thursday: Lawyer

The ten traders will file a lawsuit at the Tokyo District Court over Coincheck freezing withdrawals of cryptocurrencies, Hiromu Mochizuki, a lawyer representing the plaintiffs, told Reuters.

HIGH FEES | The average fee paid to process bitcoin transactions has soared over the past year, outpacing even the staggering price increase of the cryptocurrency itself. Each bitcoin transaction now costs around $7.30 to process, up from around 30 cents at the start of the year, according to trade website BitInfoCharts.
HIGH FEES | The average fee paid to process bitcoin transactions has soared over the past year, outpacing even the staggering price increase of the cryptocurrency itself. Each bitcoin transaction now costs around $7.30 to process, up from around 30 cents at the start of the year, according to trade website BitInfoCharts.

A group of cryptocurrency traders will file a lawsuit against Coincheck Inc on Thursday over last month's theft of $530 million in digital money from the Tokyo-based exchange, a lawyer representing the claimants said.

The ten traders will file a lawsuit at the Tokyo District Court over Coincheck freezing withdrawals of cryptocurrencies, Hiromu Mochizuki, a lawyer representing the plaintiffs, told Reuters.

Coincheck representatives did not immediately respond to phone and emailed requests for comment.
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