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Business deals

Monex offers to take over hacked cryptocurrency exchange Coincheck

Japanese online broker seeks majority stake and own management team

Coincheck has been seeking support since hackers made off with $530 billion in cryptocurrency in January.

TOKYO -- Japanese online broker Monex Group is offering to take over Coincheck, a hacked Japanese cryptocurrency exchange, Nikkei learned Tuesday.

Monex is believed to be offering several billion yen for a majority stake in the Tokyo-based exchange, sources said. The brokerage aims to install a new management team and rebuild the cryptocurrency exchange under its own supervision.

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