A $34m deal to buy a hacked crypto exchange
image source: https://pixabay.com/
Earlier today a Japanese cryptocurrency exchange "Coincheck" that was hacked in the past January (hackers stole 500 million NEM tokens=$400 million of customers deposits ) has been sold to a Japanese retail broker Monex in a deal of $34 million dollar (3.6bn yen).
Monex chief executive Oki Matsumoto said “Cryptocurrencies are becoming an incredibly important asset class, one that we can no longer ignore,” this is why Monex is planing to add Coincheck as a crypto complement to its existing FX and equities services for retail investors and it will be operating within two months.
The Monex/Coincheck deal has been well-received by the broker's shareholders. Its share price has shot up by a massive 40% since news of the Coincheck deal was first reported earlier this week, adding $330 million to its market capitalization ;).
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