RATE Group | Tokyo Police Arrest 2 Men for Buying Cryptocurrency Tied to $530M Coincheck Hack
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Tokyo Police Arrest 2 Men for Buying Cryptocurrency Tied to $530M Coincheck Hack

11 Mar Tokyo Police Arrest 2 Men for Buying Cryptocurrency Tied to $530M Coincheck Hack

Posted at 23:58h in Cryptocurrency News by

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Tokyo Police Arrest 2 Men for Buying Cryptocurrency Tied to $530M Coincheck Hack

Tokyo police arrested two individuals on Wednesday for acquiring stolen NEM from the 2018 Coincheck hack. On Jan. 26, 2018, the Japanese trading platform Coincheck noticed an “illicit transfer” of 523,000,000 NEM and it was the largest cryptocurrency exchange hack since Mt Gox. According to Tokyo investigators, the two men who obtained the purloined stash of NEM knew they collected coins derived from a crime.

Also read: Judge Gives Craig Wright New Deadline – Citing Forgery, Perjured Testimony in Court

Two Men Arrested in Japan for Purchasing Coincheck’s Stolen NEM

Tokyo officials have arrested two men for buying stolen NEM (XEM) from the Coincheck hack two years ago. During the last week of January 2018, the Japan-based trading platform was hacked losing more than 523 million NEM (XEM). The exchange compromise ($530 million using 2018 exchange rates) was the largest crypto trading platform failure to date since the Mt Gox breach in 2013….

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