Japanese crypto exchange set to repay victims of a $400 million hack

Japanese crypto exchange Coincheck is set to pay customers following a $400 million heist, according to a Bloomberg News report.
It will reimburse the 260,000 customers who saw their NEM holdings vanish.
 
Coincheck, a Japanese cryptocurrency exchange, is set to use its own money to pay back victims of a hack of its exchange.
The Tokyo-based exchange said in a statement it would reimburse the 260,000 customers affected by the $400 million heist of digital currency NEM, "at a rate of 88.549