Virtual Currency Girls Band Stays True to Crypto Despite Theft

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A popular Japanese female singing group known for promotion of cryptocurrencies turned down an offer to be paid their salary in yen after Tokyo’s Coincheck exchange was forced by regulators to halt trading this week.

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The regulators made the decision after a multi-million dollar theft of the cryptocurrency Nem was exposed.

Many accounts on the exchange were frozen including that used to pay the Virtual Currency Girls.  The group, made up of members ages 15 to 22 years, stayed true to crypto after their manager offered to pay them in the Japanese currency. 


The band uses their songs, such as “The Moon, Cryptocurrencies and Me,” to help explain the cryptocurrency craze. Virtual Currency Girls was created by the talent management company Cinderella Academy and had its first concert on January 12. Bitcoin, Bitcoin Cash, Ethereum, Ripple, Neo, Nem, Cardano and Mona are all represented.

Some 260,000 users of the cryptocurrency exchange Coincheck lost their funds as a result of the hacking.

Coingeek notes that Coincheck has promised to reimburse up to about 90% of the stolen funds to the affected users, but hasn’t said when or how it would handle the reimbursements.

- Gilbert Horowitz,



Business/Financial News

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