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Coincheck Halts Crypto Withdrawals After External Chain-Analysis Service Fails

Coincheck suspended new cryptocurrency withdrawal requests and cancelled some pending ones after an external on-chain analytics service failed, the Japanese exchange said on Nov. 5. Processing delays for deposits and withdrawals began at 00:04 JST. Cancelled requests have been returned to user balances, while deposit delays continue. Coincheck said there was no unauthorized access or security incident affecting user assets, and custody holdings remain secure pending system recovery.

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