RATE Group | Two Japanese Men Arrested for Buying Stolen Cryptocurrencies
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Two Japanese Men Arrested for Buying Stolen Cryptocurrencies

16 Mar Two Japanese Men Arrested for Buying Stolen Cryptocurrencies

Posted at 06:08h in Cryptocurrency News by

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  • The record-breaking heist is the biggest in the history of the cryptocurrency industry.
  • They were found to have bought stolen NEM tokens.
  • There were more crypto hacking attacks in 2019 than any other year.

Two Japanese men, a doctor from Hokkaido and an Osaka-based company exec, have been arrested for buying NEM digital currency coins connected to the infamous Coincheck hack. The breach led to an unprecedented loss of about $530 million worth of cryptocurrencies.

The record-breaking heist is the biggest in the history of the cryptocurrency industry. Coincheck was soon after acquired by Monex, a U.K. foreign exchange agency. The Mt. Gox hack comes in second. About $470 million was stolen.

Coincheck is a bitcoin wallet and exchange service headquartered in Tokyo, Japan, founded by Koichiro Wada and Yusuke Otsuka. It operates exchanges between bitcoin, ether and fiat currencies in Japan, and bitcoin transactions and storage in some countries.

Coincheck Hack Investigations

The two men who…

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