Monex Group, the Japan-based online brokerage firm that recently acquired cryptocurrency exchange Coincheck, said it is eyeing the development of its own blockchain platform, with an initial coin offering to follow.
Monex stated in the filing:
Monex Group disclosed in today's filing that the exchange platform is reporting a 6.3 billion yen ($57 million) pre-tax profit for the fiscal year ending March 2018, after deducting an "extraordinary loss of 47.3 billion yen ($432 million)."
As reported by CoinDesk, Coincheck confirmed on Jan. 26 that around 530 million NEM token had been stolen from its platform, which at the time were worth around $530 million.
Soon after the incident, the platform announced it would compensate each stolen token at a rate of $0.81 per token – an amount near $420 million.
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