According to ME News, on November 5 (UTC+8), Japanese crypto exchange Coincheck announced that due to a malfunction in an external on-chain analytics service used for deposit and withdrawal reviews, the platform experienced delays in deposit and withdrawal processing starting around 23:04 Beijing time on November 4. Withdrawal requests have now been temporarily suspended, and deposit processing remains delayed.
Coincheck will cancel submitted withdrawal requests that have not yet been processed; some requests will be temporarily retained and reviewed sequentially after system restoration. Funds from canceled withdrawals have been returned to users' account balances. Coincheck stated that this incident did not involve unauthorized access to the platform or any impact on user assets, and that user assets remain secure. The estimated time for service restoration will be announced separately. (Source: Foresight News)
Coincheck Suspends Crypto Withdrawals Due to Outage of External Chain Analysis Service
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Summary
On-chain news broke late last week when Japanese crypto exchange Coincheck halted withdrawals due to a malfunction in an external on-chain analysis service. The issue began around 23:04 UTC+8 on November 4, causing processing delays. The exchange confirmed no unauthorized access or risk to assets. A timeline for restoration will be shared separately. Crypto exchange news continues to underscore operational challenges in the sector.
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