Monex Group Warn's Of A New Scam Pretending Alike Its Business.

Monex Group Warn's Of A New Scam Pretending Alike Its Business.

2019-01-29 | Eddy Morgan

Monex Group Warn's Of A New Scam Pretending Alike Its Business.

In line with a recent 'press release' published, Japanese on-line broker named ‘Monex group’, owner of hacked cryptocurrency exchange Coincheck, recently warned of a new scam claiming to be associated with its business.

The scam, regarding which solely temporary details have been discharged, involves potential victims receiving calls from an entity named ‘Monex Coin Management.’

They are then invited to call a sort of automated trading system linked to [Monex], the release added, one thing that doesn't exist in practice.

“The Monex Group along with its subsidiaries don't have any relation with the above mentioned company,” it confirms.

Such 'illegal activity' remains commonplace for major exchanges and commercialism platforms as criminals seek to focus on entry-level users with a view to steal crypto holdings that they store in their crypto wallets.

Coincheck, the exchange that Monex acquired earlier in Apr 2018, antecedently 'suffered' at the hands of bad actors after a massive  $530 Mln hack months earlier.

As a part of its rescue deal, [Monex] secured the exchange a license to work from Japanese regulators earlier this month, having 'antecedently' begun refunding victims of the hack.

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