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
You May Also Like
Coinbase blocks Bitcoin Cash withdrawals, investors suffer losses
Coinbase continues to keep investor funds still locked up as it waits for "stability" on the BCH network and prices continue to spike, bankrupting traders.
TRON Foundation and Justin Sun donate millions of dollars to charity
The three million that the Binance Charitable Foundation (BCF) will receive was donated using the TRON ecosystem's native currency, TRX. BCF is a non-profit organization that was created with the goal of accelerating the adoption of blockchain technology as well as helping those in need.
