Tokyo-based digital currency exchange Coincheck says it will reimburse some 260,000 victims of theft.

One of Japan"s largest digital currency exchanges has said it will refund most of the $534m (£380m) worth of virtual assets lost in a hacking attack. Coincheck has promised to use its own funds to reimburse more than 46bn yen ($423m) to customers who lost their NEM cryptocurrency coins on Friday. Some 260,000 customers are said to be affected by the reported theft.