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Monex plans to acquire Coincheck Crypto Exchange For “Billions Of Yen”


Apr 03, 2018 Posted /  669 Views


Monex plans to acquire Coincheck Crypto Exchange For “Billions Of Yen”

Monex plans to acquire Coincheck Crypto Exchange For “Billions Of Yen”

As per Nikkei Asian Review reports today, Monex Group, Inc. is a financial services company based in Tokyo, Japan has offered to acquire a majority stake in the cryptocurrency exchange Coincheck in a “billions of yen” deal.

Coincheck exchange has been “ looking for support” from a third-party since the day it was hacked (Jan 26 ) which had resulted in a loss of amount  $530 million of NEM coins. Besides, it is also facing various legal actions filed against it by the affected customers, the Nikkei reported.

 

Monex plans to replace the would-be subsidiary’s ( Coincheck Exchange ) management and plans its come-back by working towards totally restoring its services. The official announcement of the acquisition is expected later this week, says Nikkei.

 


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Tags: monex coincheck monex coincheck monex acquires coincheck monex and coincheck Coincheck Exchange monex exchange

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