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Hacked crypto exchange Coincheck sold to Japan's Monex for $34 mn

Monex, Japan's No.3 online brokerage by customer accounts, said in a statement on Friday it would buy all Coincheck's shares

Reuters 

Japanese online brokerage firm Monex Group Inc will buy Coincheck Inc, the exchange at the centre of a $530 million digital money heist, for 3.6 billion yen ($33.6 million), the latest move by a mainstream finance firm into the cryptocurrency market. Monex, Japan's No.3 online brokerage by customer accounts, said in a statement on Friday it would buy all Coincheck's shares on April 16 in a move that will allow it to access Coincheck's trading platform and customer base. The deal comes amid regulatory pressure for tighter standards at Japan's cryptocurrency ...

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First Published: Fri, April 06 2018. 15:50 IST
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