RATE Group | Suspected Coincheck Hackers Arrested After Selling XEM for Bitcoin
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Suspected Coincheck Hackers Arrested After Selling XEM for Bitcoin

11 Mar Suspected Coincheck Hackers Arrested After Selling XEM for Bitcoin

Posted at 11:17h in Bitcoin News by

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Suspected Coincheck Hackers Arrested After Selling XEM for Bitcoin 101
Source: iStock/taka4332

Tokyo police say they have arrested two men over the hack of Japanese crypto exchange Coincheck. The platform was raided for some USD 400 million worth of NEM (XEM) tokens in January 2018, in what remains the world’s biggest-ever theft of cryptocurrency.

Police have been chasing the perpetrators ever since, but believe they have now made a breakthrough in the case. Per media outlet FNN, cyber investigators have focused on tracking down a sale allegedly made on the dark web whereby a large amount of XEM was traded at a 15% discount.

The Tokyo police now believe that the hackers were able to exchange their XEM funds for bitcoin (BTC) holdings – and on the morning of March 11 placed two men under arrest.

In a tersely worded statement, the police said that they were “in a hurry to track down the hackers,” but would only identify the two arrestees as males, one from the Osaka Prefecture and the other from Hokkaido.

The Osaka-based man has been accused…

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