"Coincheck"

JAPAN’S TROUBLED virtual currency exchange operator Coincheck Inc has decided to seek a fresh start under the umbrella of online brokerage Monex Group Inc.

Japanese online broker Monex Group said Friday it would buy virtual currency exchange Coincheck, which was hit by a massive hack that saw thieves steal hundreds of millions of dollars in virtual currency.

Cryptocurrency traders filed a lawsuit Thursday against Japanese exchange firm Coincheck for freezing withdrawals after hackers stole hundreds of millions of dollars in digital assets.

JAPAN’S Financial Services Agency (FSA) plans to enforce regulatory measures as soon as this week on Coincheck Inc, a major cryptocurrency exchange, after NEM currency then valued at 58 billion yen was illegally withdrawn from its customers’ accounts, according to informed sources.