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cryptocurrency theft

Japan orders broader checks after $530 million cryptocurrency theft

TOKYO: Japanese authorities said they would investigate all cryptocurrency exchanges in the country for security gaps and ordered Coincheck to raise its standards after hackers stole $530 million of digital money from the Tokyo-based exchange. The theft - one of the world’s biggest cyberheists - highlights the vulnerabilities in trading an asset that policymakers are struggling to regulate, as well as the broader risks for Japan as it aims to leverage the fintech industry to stimulate economic growth. The Financial…