Japanese yen picture via Shutterstock

Coincheck located itself in hot water using both clients and regulators following the hack of   about $530 million-worth of cryptocurrency that occurred in late January.
If it goes forward, the price might be worth “several billion yen” and may be announced this week, even Nikkei adds.

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Tokyo-based cryptocurrency market Coincheck, which suffered a significant hack early this year, will soon be under new direction.

However, the acquisition has still not been officially confirmed by the broker, and a report by Reuters says that, if contacted for confirmation of the news, Coincheck reported that it hadn’t released information on almost any offer.

Coincheck has vowed to reimburse users at a rate of0.81 per token – which would bring about a complete payout near $420 million. Even so, the trade was confronted with different suits from investors claiming refunds and compensation.
After the report, Monex stocks shot up by 23 per cent, the maximum permitted by the Tokyo Stock Exchange, Nikkei states.

Since then, it has confronted investigations from Japan’s Financial Services Agency over security failures and the fact that it can repay users that lost funds from the heist.
According to Nikkei  sources, Monex – an online brokerage firm also based in japan – is contemplating buying a vast majority stake in the exchange. Under the potential bargain, Monex would allegedly replace the management team and reconstruct the Coincheck platform itself.