NEM's XEM token is solidly bid following the Japanese exchange's announcement that it will commence refunding hacked users next week.
February is officially in the books for the crypto markets, though some coins may be left wishing they could turn back time.
The 58 billion yen worth of XEM tokens are on the move, according to the NEM Foundation, but no attempt to sell them on exchanges has been made.
Down for the third consecutive day, NEM's native cryptocurrency XEM is close to seeing a revival of the bear market, technical charts indicate.
Though the Coincheck theft may superficially resemble 2014's Mt. Gox hack, the impact on cryptocurrencies is not nearly as significant.
Japanese exchange Coincheck has confirmed that about $533 million-worth of cryptocurrency has been stolen from its digital wallets.
Major Japanese exchange Coincheck has announced the suspension of a number of services today, including all cryptocurrency withdrawals.