Bitcoin 

Record-Breaking Coincheck Hack Perpetrated by Virus Tied to Russian Hackers

The personal computers of employees at hacked Japanese crypto exchange Coincheck have allegedly been found to have been infected by a virus associated with a hacker group of Russian origin. The allegation was reported by Cointelegraph Japan on June 16. As Cointelegraph has reported, in January 2018, Coincheck suffered an industry record-breaking hack when $534 million worth of NEM was stolen from its wallets. Cointelegraph Japan cites a report from Japanese media agency Asahi Shimbun, which claims that fresh research has cast doubt on prior assumptions that the high-profile hack…

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Bitcoin 

Monex Reveals July Start Date for US Exchange as Coincheck Reports $15 Mln Loss in 2018

Japanese online broker Monex Group is planning to start trading in their United States cryptocurrency exchange in July, CEO Oki Matsumoto said on April 25, according to Cointelegraph Japan. The spin-off, currently dubbed TradeStation Crypto, would serve semi-professional traders and seeks to shore up profitability for Monex’s cryptocurrency offerings. Reuters also noted today that Monex had a loss of over $15 million on its crypto operations in 2018. The figure, part of financial performance data released this week, stems from the loss-making Coincheck exchange thatMonex acquired last April. Despite restructuring…

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Bitcoin 

Coincheck Owner Mulls Addition of Crypto to Its Retail Offerings

Online brokerage Monex Group Inc., owner of the hacked Japanese crypto exchange Coincheck, is considering adding crypto to its retail client offerings in a bid to become more competitive in the local brokerage market. The news was reported by Bloomberg on April 15. As previously reported, Monex acquired Coincheck in April 2018 in the wake of the exchange’s industry record breaking $532 million hack in January of that year. According to Bloomberg, Monex now sees its Coincheck involvement as potentially instrumental in restoring its erstwhile market dominance. Founded in 1999,…

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Ethereum 

Coincheck Exchange Adds Ethereum And Ripple to Its New Over-the-Counter Trading Desk

Japanese cryptocurrency exchange Coincheck has added its first two altcoins to its recently launched over-the-counter (OTC) trading desk, Cointelegraph Japan reported on April 15. Coincheck, which began operating its OTC service with Bitcoin (BTC) at the start of the month, now also offers Ethereum (ETH) and Ripple (XRP), the second and third largest cryptocurrencies by market cap respectively. OTC desks offer specialized services for large-volume traders, allowing them to save on fees and skirt what would otherwise be considerable hurdles purchasing or selling major crypto investments via standard methods. The…

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Bitcoin 

Coincheck Launches Bitcoin OTC Trading Desk for Large-Scale Institutional Clients

Japanese cryptocurrency exchange Coincheck has launched a Bitcoin (BTC) over-the-counter trading desk for large-scale institutional investors. Cointelegraph Japan reported the news on April 1. The Coincheck OTC trading desk will enable clients to directly trade large volumes of Bitcoin — starting from 50 BTC ($207,000 to press time) — between each other using a web interface hosted by Coincheck. Opening hours will be limited to weekdays 10:00-15:00 (JST) and overtime trading and use of the Coincheck app or API trading are not eligible, the exchange clarified in a blog post…

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Bitcoin 

Coincheck Owner Monex Group Announces Major Management Changes

The Japanese broker that acquired the hacked cryptocurrency exchange Coincheck in April 2018 has announced major changes in its management structure. The news was revealed in a press release published on March 27. The current representative executive officer and president of Monex group, Oki Matsumoto, will now also be the representative director and chairman of Monex, as well as chairman of Coincheck. Per the announcement, within Monex, “diverse employees will be aggressively promoted to managerial positions.” The press release also reveals that three Coincheck executive directors will also serve as…

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Bitcoin 

Coincheck Owner Monex Warns of Scammers Impersonating Its Businesses

Japanese online broker Monex Group, owner of hacked cryptocurrency exchange Coincheck, warned of a new scam claiming to be related to its business in a news release on Jan. 28. The scam, about which only brief details have been released, involves potential victims receiving calls from an entity dubbed “Monex Coin Management.” They are then invited to call a form of automated trading system linked to Monex, the release states, something that does not exist in practice. “The Monex Group and (subsidiaries) do not have any relation with the above…

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Bitcoin 

Japanese Regulators Grant Cryptocurrency Exchange License to Coincheck

Japan’s finance regulator, the Financial Services Agency (FSA), has granted full permission for cryptocurrency exchange Coincheck to continue operating in the country. Cointelegraph Japan reported on the development on Jan. 11, quoting an official communique. Coincheck, which was hacked in January 2018, losing altcoin tokens worth $530 million at the time, now joins the slowly increasing number of officially sanctioned exchanges serving the Japanese market. The step is a milestone for the exchange and for online broker Monex Group, which bought Coincheck for a nominal $33.5 million in April. Since…

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Bitcoin 

Japan’s FSA Approves License for Hacked Crypto Exchange Coincheck, Nikkei Reports

Japan’s Financial Services Agency (FSA) has purportedly approved a cryptocurrency exchange operating license for hacked crypto exchange Coincheck. English-language Asia-focused news publication Nikkei Asian Review reported the news Dec. 19. According to Nikkei, an announcement from the financial watchog is reportedly due to be released by the end of the year. Notably, in private correspondence with Cointelegraph Japan, Coincheck’s PR emphasized “it is not [the exchange’s] official announcement and we haven’t confirmed the fact yet.” As previously reported, the FSA has intensified its scrutiny of domestic crypto exchanges in the…

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Ethereum 

Crypto Exchange Coincheck Resumes NEM Trading Almost 10 Months After Major Hack

Recently re-opened Japanese crypto exchange Coincheck has announced it has resumed NEM (XEM) crypto token trading after a restructuring of its platform by external “security experts,” South Korean news outlet FNNews reports Nov. 13. In January of this year, Coincheck suffered an industry record-breaking hack when $534 million worth of NEM was stolen from its wallets. This latest development from Coincheck reveals the exchange has “joined the Japan Security Association and is “ready to renovate its image.” Alongside NEM trades, the platform has also opened support for Ethereum (ETH) and…

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