30 Charged in Japan With Trading $96M-Worth of Crypto Stolen in Coincheck Hack
The around 30 individuals are suspected to have traded cryptocurrency stolen during the $560 million exchange hack in 2018.
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Investigators reportedly identified the individuals by tracing the crypto exchange accounts used to launder the funds. Authorities in Japan are reportedly targeting individuals for their alleged involvement in the January 2018 hack of the Coincheck crypto exchange.According to a Jan. 22 report from Japanese news outlet Nikkei Asia, police have arrested or referred roughly 30 people in Japan to the local prosecutors’ office for their alleged role in hacking one of the country’s cryptocurrency exchanges. In January 2018, hackers stole roughly $534 million worth of NEM (XEM) from Coincheck in....
Japan is becoming an exciting environment for virtual currencies. Renewed debate in government on favorable treatment of transactions this month has combined with big business opting to accept Bitcoin alongside other payment methods. Coincheck is a bitcoin exchange in Japan, and it has definitely noticed these developments. The most recent announcement....
The exchange had shuttered its Japanese services after Coincheck's $530 million hack in 2018 spooked regulators and prompted a crackdown.
Everyone in the Bitcoin community knows Japan has been a hub of activity. The largest Bitcoin exchange, Mt.Gox, was stationed in Japan until it collapsed and its CEO, Mark Karpelès, was arrested. But not everything in Japan related to Bitcoin has been negative. Nor have these incidents stopped the growth of Bitcoin. The Land of the Rising Sun has indeed....
Japanese police charged 30 people for their alleged involvement in illegal transactions linked to the well-known $530 million Coincheck hack in 2018. Tokyo authorities traced all individuals’ transactions to different places across the nation. Illicit Transactions Are Estimated to Have Totaled Over $96 Million Initially, Nikkei reported that the suspects were either arrested or their cases have been referred to the prosecutors’ office. However, Kyodo confirmed that all 30 people were arrested and are now under police custody, citing sources familiar with the matter. Police....