Tokyo police questioned a trader on …

Tokyo police questioned a trader on …

Tokyo police interrogate trader in Coincheck token theft case

As part of an ongoing investigation, Japanese police interrogated a local trader who exchanged some of the NEM tokens stolen from Coincheck for Litecoin.

Citing sources close to investigating the recent major theft of NEM tokens from the Japanese cryptocurrency exchange Coincheck, Nikkei reported that the police interrogated at least one person in connection with the case..

According to the article, an unnamed person anonymously exchanged a small portion of the stolen NEM tokens for Litecoin via a dark web site, which were then tracked down by the Singapore-based NEM Foundation. This individual is known to have confessed to knowing that these NEMs were stolen from Coincheck.

At the end of January, Coincheck executives confirmed a major hacker attack, as a result of which 526 million NEM tokens were stolen from the company, which at that time was more than $ 530 million. After that, the stolen tokens were distributed to several digital addresses, each of which was monitored by the NEM.io foundation..

“The flexibility of NEM’s decentralized protocol allows for real-time tracking of transactions, which helps identify wallets associated with criminal activity,” the fund said in a statement in early February. “This helps make stolen XEM tokens unusable because NEM immediately notes when these tokens are deposited.”.

Tokyo police questioned a trader on ...

In order to track stolen funds and identify wallets storing stolen funds, an automated system has been developed that allows observers to check whether these funds have reached cryptocurrency exchanges.

As part of the investigation of the hacker attack, it was possible to identify at least one attacker who took possession of part of the stolen NEM tokens – last week he tried to exchange them for bitcoins. This hacker tried to sweeten the deal by offering bitcoin traders a 15 percent discount, according to Nikkei..

Meanwhile, Coincheck has announced that it will resume fiat withdrawals from tomorrow..

Tokyo police questioned a trader on ...
Tokyo police questioned a trader on ...

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