Coincheck, which lost more than $500 million due to the January hacking, reported an increase in losses in the third quarter of 2018. This is stated in the financial review of the Japanese online broker Monex Group, the parent company of crypto exchange.
The document says that the crypto assets segment presented by Coincheck brought Monex Group a revenue of 315 million yen (about $2.8 million) from July to September. This is 66% less than in the previous quarter, which resulted in Coincheck's profit of $8.4 million.
For the period from July to September, the company's loss amounted to $5.25 million. At the same time, in the previous quarter, this figure was $2.3 million. The total loss of the trading platform was about $7.5 million.
Representatives of the Monex Group said that Coincheck is currently working to ensure more comprehensive and effective internal controls and security measures. This is necessary to obtain a license from the financial regulator.
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