Monex Purchased Coincheck For $33.6M

Monex shares rose after the announcement of the deal by 20%
06 April 2018   1031

Japanese online broker Monex Group announced that it buys the local currency exchange Coincheck. This is reported by the Reuters.

The transaction amount is 3.6 billion yen ($ 33.6 million). As a result of the transaction, Monex will have access to the trading platform and the Coincheck customer base. Monex shares rose after the announcement of the deal by 20%, in general, from the time when the first information about the possibility of such acquisition appeared, online broker shares rose by 40%.

Monex Group Inc CEO Oki Matsumoto (L) and Coincheck CEO Koichiro Wada
Monex Group Inc CEO Oki Matsumoto (L) and Coincheck CEO Koichiro Wada 

Coincheck is a global pioneer of the cryptocurrency business, a global brand. Although we can manage risk, we can’t make Coincheck’s brand value or foundation.
 

Oki Matsumoto

CEO, Monex

At the beginning of this year, NEM coins equivalent to 58 billion yen ($ 527 million) were withdrawn from the accounts of the Japanese currency exchange Coincheck. The amounts went to 20 addresses, including, as Kyodo reports, in the US and New Zealand. The Japanese police assume that a computer virus was used for this theft. Theft touched accounts of 260,000 Coincheck customers.

After this incident, the Japanese financial regulator announced its intention to conduct an audit of all the country's crypto-exchange exchanges

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.