Monex offers to take over hacked cryptocurrency exchange Coincheck
April 3, 2018 1:47 pm JST  (Updated April 3, 2018 3:20 pm JST)

Japanese online broker seeks majority stake and own management team
Nikkei staff writers

TOKYO -- Japanese online broker Monex Group is offering to take over Coincheck, a hacked Japanese
cryptocurrency exchange, Nikkei learned Tuesday.

Monex is believed to be offering several billion yen for a majority stake in the Tokyo-based exchange,
sources said. The brokerage aims to install a new management team and rebuild the cryptocurrency
exchange under its own supervision.

The deal could be announced as early as this week, the sources said.

Coincheck said in January that cryptocurrency worth $530 million had been stolen in the biggest ever
cryptocurrency heist in history. Coincheck has since been seeking support from an external party.

Read more: https://asia.nikkei.com/Business/Deals/Monex-offers-to-take-over-hacked-cryptocurrency-exchange-Coincheck

Monex Group, Inc.: http://www.monexgroup.jp/en/index.html