TagMonex

9 Months after $530 Million Hack, Crypto Exchange Coincheck is Accepting New Users

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Japanese cryptocurrency exchange Coincheck, the victim of the largest theft in the crypto industry’s history, has reopened new user registrations and limited trading services. Coincheck Opens Registration, Limited Crypto Trading The Tokyo-based cryptocurrency trading platform, which lost a record $530 million in NEM tokens (XEM) after an attacker breached its hot wallet in January, made the...

Coincheck to Delist Privacy Coins Monero, Zcash, and Dash

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Japanese cryptocurrency exchange Coincheck will delist trading pairs for privacy-centric cryptocurrencies monero (XMR), zcash (ZEC), and dash (DASH) next month. The Tokyo-based exchange, which was purchased by brokerage firm Monex following a high-profile January hack that saw the platform lose $530 million in NEM tokens (XEM), announced on Friday that it will no longer facilitate trading for...

Hacked Cryptocurrency Exchange Coincheck Plots US Expansion

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Disgraced cryptocurrency exchange Coincheck has come under new management, and its new owners are planning to bring the trading platform to the US market. Bloomberg reports that Monex, the Japanese brokerage firm that acquired Coincheck in April, believes a US expansion could fast-track the exchange’s quest to once again become a major player in the industry. “We can broaden our customer base at...

Crypto Exchange Coincheck Made $491 Million Profit Prior to Hack

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Hacked cryptocurrency exchange Coincheck made 53.7 billion yen ($491 million) in profit for the fiscal year ending in March, according to financial data released on Thursday by parent company Monex. The exchange, which in January succumbed to a record-setting hack that saw the attackers make off with $530 million worth of NEM tokens (XEM), raked in 62.6 billion yen ($573 million) in revenue...

$33.5 Million: Monex is Buying Hacked Cryptocurrency Exchange Coincheck

Zaif Cryptocurrency

Major Japanese online brokerage has confirmed its foray into the cryptocurrency sector by announcing its acquisition of Tokyo-based exchange Coincheck for ¥3.6 billion ($33.5 million). In an announcement on Friday, Monex confirmed it will acquire 100% of all 1,775,267 shares at a cost of ¥3,600 million yen in a share acquisition agreement signed today. The transfer of shares will go through on...

Breaking: Hacked Japanese Exchange Coincheck Accepts Takeover Bid

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Embattled cryptocurrency exchange Coincheck has reportedly decided to accept a takeover offer from Monex, Japan’s third-largest online brokerage. Japanese business daily Nikkei is reporting that crypto exchange Coincheck will accept a takeover bid that includes capital in several billion yen, worth tens of millions of dollars, from major Japanese online brokerage Monex. The decision to accept the...

Billions of Yen: Major Japanese Brokerage Could Rescue Crypto Exchange Coincheck

Zaif Cryptocurrency

Japanese online brokerage firm Monex is reportedly considering a buyout of Tokyo-based Coincheck, the cryptocurrency exchange at the center of the recent $530 million NEM theft. Japanese financial publication Nikkei is reporting an offer from online brokerage Monex Group to buy a majority stake in cryptocurrency exchange Coincheck. The offer comes ten weeks after the platform suffered an infamous...

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