Monex Group Considers Coincheck Acquisition

Monex Group is considering the acquisition of the hacked exchange but has not made any decision yet
03 April 2018   969

Monex group has an aim to fulfill the social responsibility as a corporate group by contributing to society through its business activities based on the Group's corporate philosophy and code of conduct. On April 3, Nikkei Asian Review has published an article stating that Japanese online broker Monex Group is planning to take over Coincheck, a hacked Japanese cryptocurrency exchange.

As Nikkei wrote, two companies were already seeking approval for the acquisition from the FSA and from shareholders. Nevertheless, a couple of hours later, Money Group has issued a public statement regarding the article published in Nikkei, claiming that it has not made any decisions regarding the acquisition yet.

 

It is true that we have been considering the acquisition of the cryptocurrency firm mentioned in the report today but have not made any decision yet.
 

Monex Group

In the above mentioned statement Money Group claimed that Nikkei website news report mentioning their "entry into cryptocurrency business" was not based on Money Group announcement. The company has only been studying and experimenting on blockchain technology and cryptocurrency as its applied technology. As part of its efforts, Money Group set up the Monex Cryptocurrency Lab in January this year, and has also been considering the secure and socially responsible cryptocurrency business, but has "not made any decision yet" regarding Coincheck.

We recommend our readers to follow the most reliable sources of news, and choose the most trustworthy media portals in order to get all the latest news from crypto industry.

China to Finance Hacker Attacks on Exchanges, - FireEye

Experts believe that the victims of APT41 are industry participants, the development of which is a priority in the current Chinese five-year period
08 August 2019   266

The hacker group APT41 attacks companies in the areas of healthcare, telecommunications, fintech, media, and cryptocurrency exchanges. This activity is funded by the Chinese government, according to analysts of cybersecurity company FireEye.

Experts believe that the victims of APT41 are industry participants, the development of which is a priority in the current Chinese five-year period.

Industries Targeted by APT41
Industries Targeted by APT41

At the same time, APT41 pursues its own goals, extracting financial benefits from attacks, which is unusual for other groups under the Chinese government, according to FireEye.

APT41 is known to include at least two people with the pseudonyms Chzan Xuiguan and Wolfji. The group probably has connections with other hacker organizations like BARIUM and Winnti.

FireEye also evaluated at what time of the day the APT41 attacked the gaming industry (its core target) and businesses from other areas. It turned out that this was happening outside the framework of a standard working day - probably these people, among other things, have the main job.

APT41 Operational Times
APT41 Operational Times

According to the UN Security Council, hackers under the DPRK government stole about $ 2 billion from banking institutions and cryptocurrency exchanges.