Between July and September, Monex Group’s cryptocurrency business, which is entirely comprised of the Coincheck exchange, took in around $2.8 million. This is a 66% decline over what it reported for the previous quarter, which was approximately $8.4 million.
The Mt Gox effect is still being felt with trustees dumping thousands of BTC on the market and creating artificial depressions in price—much to the chagrin of the cryptocurrency investment community.
The online broker has reportedly offered an amount believing to run into “billions of yen for a majority stake” in the beleaguered cryptocurrency exchange.
The Tokyo-based cryptocurrency exchange has begun reimbursing customers who have lost their funds in the January theft of some $530 million worth of NEM coins.
The FSA had taken action against seven cryptocurrency exchanges—two of which were ordered to suspend business altogether.
Investigators are looking into the possibility that an overseas hacker group has gotten its hands on Coincheck’s encryption keys.
A glitch that lasted for 18 minutes gave at least seven Zaif customers a brief window to get their hands on some free coins.
Regulators will be knocking on exchanges that have pending license applications to check their risk management systems.
Customers withdrew a total of JPY40.1B on Tuesday, the first day Coincheck allowed users to get their money out of the troubled exchange.