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Shares in Monex Group closed near a 10-year high today after the Japanese online brokerage firm said it would pay $33.5m (¥3.6bn) for cryptocurrency exchange Coincheck who earlier this year fell victim to one of history’s most daring digital heists.
Within hours of the Monex announcement, Japan’s Financial Services Agency placed immediate, two-month business suspensions on two local cryptocurrency exchanges, Eternal Link and FSHO — the former for misuse of customer funds and the latter for failure to comply with an earlier business improvement order. A third exchange, Last Roots, was issued with a business improvement order for failure to demonstrate sufficient countermeasures against money laundering.
https://www.ft.com/content/9063b3e6-397b-11e8-8eee-e06bde01c544
