Girl band stays loyal to cryptocurrency pay cheque

Virtual Currency Girls refuse offer to be paid in Yen

Members of a Japanese girl pop group, the Virtual Currency Girls, said on Monday they had refused an offer to be paid in yen and would stay loyal to cryptocurrencies despite a $530 million (€428 million ) cyber heist jeopardising their chances of getting paid.

A cryptocurrency account that pays part of the band’s salary was among those frozen as a result of the suspension of trading at Tokyo-based Coincheck exchange on Friday following the theft of NEM, one of the world’s most popular digital currencies. “Our manager offered to pay us in yen, but we declined,” said Hinano Shirahama, who is the band’s bitcoin character.

Dressed in maid costumes and wearing wrestling masks adorned with fuzzy pom-pom ears and cryptocurrency symbols the eight Virtual Currency Girls are a pop music manifestation of the digital currency frenzy that has swept Japan and other parts of the world.

Ms Shirahama and other group members said they would stay together regardless of the setback. Formed by an entertainment promoter the band debuted this month and have yet to garner a significant following.

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- Reuters