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Online brokerage Monex Group Inc. announced Friday that it would acquire Coincheck Inc.— the troubled cryptocurrency exchange that was hit earlier this year by a massive cybertheft — in a bid to enter the growing virtual currency industry.

Tokyo-based Monex, the third-largest online brokerage in the nation, said it will purchase 100 percent of Coincheck’s shares for ¥3.6 billion ($33.6 million) this month and make the startup its wholly owned subsidiary.

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