The hacked Japanese cryptocurrency exchange Coincheck has officially been acquired by one of Japan’s largest online brokerage firms. Monex Group has outlined its plans of reviving Coincheck and the risks associated with the acquisition.
Coincheck has officially become a wholly-owned subsidiary of Monex Group on April 16, local media reported after the leading online securities firm agreed to invest 3.6 billion yen (~US$33.55 million) in the acquisition of the exchange. Monex is among Japan’s largest online brokerage firms, whose competitors include SBI Securities, Rakuten Securities, Matsui Securities and Kabu.com.
Full article: https://news.bitcoin.com/monex-plans-revive-hacked-japanese-crypto-exchange-coincheck/