Tuesday, 3 April 2018

Monex confirms interest in acquiring hacked cryptocurrency exchange Coincheck.

Regulators would likely be very interested in a potential buyout due to a hack leading to over $500 million in lost funds.

Monex has confirmed interest in purchasing Coincheck but insists nothing is yet set in stone.

On Tuesday, the online Japanese broker said in a statement(.PDF) that Monex has been "studying and experimenting" with blockchain technologies as the firm considers the creation of new finance-related businesses, infrastructures, and technologies as important.

As a result, Monex is considering a potential Coincheck buyout but is yet to ink a formal offer.

"The company name "Monex" symbolizes our business principles -- always a step ahead of the "Y" in "Money" to design and provide approaches to money in a new era," Monex said. "It is true that we have been considering the acquisition of the cryptocurrency firm [...] but have not made any decision yet."

By Charlie Osborne.

Full story at ZD Net.

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