Japanese brokerage firm is going to buy the Coincheck exchange

Certified broker Monex has issued a press release confirming its plans to acquire the Coincheck exchange. Let us remind you that in January there was a hacker attack on Coincheck, the losses from which amounted to about half a billion US dollars.

According to the local publication Nikkei, the Japanese Internet brokerage company Monex is going to acquire a controlling stake in this crypto platform. Following the potential multi-billion dollar deal, Monex will replace its management team and revamp the Coincheck platform.

The acquisition has not yet been officially confirmed by either party to the deal, but media reports suggest the companies could make an official announcement as early as this week.

Monex shares rose 23 percent, the maximum allowed on the Tokyo Stock Exchange, according to the report. Such a deal would be a great solution for the Coincheck exchange, which has faced various problems related to the repayment of stolen funds from both customers and regulators.

Japanese financial regulators are investigating security failures and the company's financial ability to return money to investors who exchange promised to pay $0.83 for each stolen token, for a total of about $420 million. 

Despite this, some investors have filed lawsuits against the exchange, demanding reimbursement and compensation.

According to https://www.coindesk.com