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Business deals

Coincheck accepts Monex takeover offer

Cryptocurrency exchange will shuffle management to regain investor trust

Monex Group plans to spend several billion yen to buy cryptocurrency exchange Coincheck, which was hit by a high-profile digital money theft in January.

TOKYO -- Tokyo-based cryptocurrency exchange Coincheck, which was at the at the center of the largest-ever digital currency theft, decided Thursday it would accept a takeover offer from Japanese online brokerage Monex Group, Nikkei has learned.

Coincheck will shuffle its management in an attempt to regain investor trust, with Monex chief operating officer Toshihiko Katsuya to take over as new president.

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