Coincheck, Coincheck hack, cybersecurity, Japan, NEM stolen, Police, Tokyo

More details keep appearing from the police investigation into the 2018 Coincheck hack that stole $530 million from the crypto exchange. Japanese authorities revealed that most of the individuals involved have a “high social status.â€

One of the Individuals Took Part in a NEM Swap Deal Is Worth $64 Million

According to a report published by Bunshun, “the majority†of the men involved in the case are “high income†individuals. In fact, they come from different professional backgrounds, such as being company managers and doctors.

Prosecutors said the individuals are aged between 20 and 49, without giving major details on their profiles. However, the latest findings suggest that one of the heist people took part in a bogus transaction with NEM (XEM) tokens.

Per the Cybercrime Countermeasures Division, the individual allegedly took part in a NEM swap with another token (unnamed) in a transaction worth $64 million at the exchange time.

But the investigation is still having significant difficulties to advance. At least that’s what the Japanese authorities have been saying recently because the whereabouts of two-thirds of the missing tokens are still unknown. There are no hints on where these tokens could have ended.

Unknown Whereabouts of Around Two-Thirds of the Stolen Tokens

The Cybercrime Countermeasures Division is a unit from the Life Safety Department of the Metropolitan Police Department in Japan.

The team comprises former hackers who worked for top-class companies. They also suspect that crypto assets stolen are probably in overseas exchanges. Still, there are no indications of alleged cybercriminals in the Coincheck hack cashing stolen tokens into fiat in domestic crypto companies.

As news.Bitcoin.com reported early in January, 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. Coincheck’s theft remains the biggest in the cryptocurrency industry, together with the Mt Gox hack of 2014.

What are your thoughts about the report from the Japanese media on the Coincheck hack? Let us know in the comments section below.

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

RELATED NEWS

Report: Asia’s Cryptocurrency Landscape the Most Active, Most Populous Region ‘Has an Outsize Role’

Recently, Messari Crypto Researcher, Mira Christanto published a report that looks into Asia’s cryptocurrency landscape in-depth, as 60% of the world’s population resides in the region. Christanto’s study shows that six out of the top ten largest cryptocurrency unicorns are located in Asia. Moreover, 98% of ethereum-based futures and 94% of bitcoin futures volumes stem […]

Xem chi tiết: Report: Asia’s Cryptocurrency Landscape the Most Active, Most Populous Region ‘Has an Outsize Role’

Cyber Criminals Are Now Hiding Their Stolen Cryptos 13x Faster, Says Report

A new report unveiled a growing trend of efforts from cybercriminals hiding their stolen cryptocurrencies through different transaction flows. Crystal Blockchain pointed out that since 2019, the volume of stolen bitcoin grew significantly. Only 8% of the Funds Were Transferred to Exchanges With Verification Procedures in 2020 Per the findings, in 2020, the firm said […]

Xem chi tiết: Cyber Criminals Are Now Hiding Their Stolen Cryptos 13x Faster, Says Report

Thailand Authorities Are Targeting Japanese Crypto Holders to Boost Tourism

Thailand seems to be interested in catching Japanese crypto holders’ attention via tourism. The country wants to establish a crypto-friendly touristic hotspot and the first targeted country is the nation of the rising sun. Program Aims to Add New Segments With ‘High Spending’ Per Bangkok Post, the Tourism Authority of Thailand (TAT) seeks to put […]

Xem chi tiết: Thailand Authorities Are Targeting Japanese Crypto Holders to Boost Tourism

Belgium Energy Minister’s Twitter Account Hacked- Fake Ethereum Giveaway Advertised

The official Twitter account of Belgium’s Minister of Energy was the recent victim of a high-profile hacking incident. Tinne Van der Straeten’s profile was hacked to promote a bogus giveaway of ethereum tokens. Hacked Twitter Accounts Whoever was behind the incident changed the minister’s verified profile to “Ethereum Foundation†to make it look legit. First […]

Xem chi tiết: Belgium Energy Minister’s Twitter Account Hacked- Fake Ethereum Giveaway Advertised

Crypto Portfolio Tracking App Apologizes for Racist Messages Sent to Customers- Investigations Underway

The crypto portfolio tracker Blockfolio, owned by the exchange FTX, got its messaging system compromised, as racist notifications started to appear. Blockfolio’s users received the offensive messages with a warning that they’re about to lose all funds. Some Offensive Messages Included a URL Reportedly Linked to Pornography According to the crypto tracker and trading app, […]

Xem chi tiết: Crypto Portfolio Tracking App Apologizes for Racist Messages Sent to Customers- Investigations Underway

Bitcoin Marketplace Keepchange Suffers Data Breach — No Funds Stolen During the Incident

A bitcoin company is the latest victim of a data breach incident, where hackers managed to access customers’ full names and email addresses. Moreover, attackers sent withdrawal requests from the company customers’ accounts to addresses belonging to the hackers. Marketplace Warns Users of Phishing Attacks According to the announcement, Keepchange clarified that attackers stole part […]

Xem chi tiết: Bitcoin Marketplace Keepchange Suffers Data Breach — No Funds Stolen During the Incident

Expert warns Hackers are Targeting Russian Government’s IT Infrastructure to Mine Cryptocurrencies

A state-affiliate cybersecurity expert warned about hackers exploiting the Russian government’s IT facilities to mine cryptocurrencies. The deputy director of the National Coordination Center for Computer Incidents believes such threat actors have been very active in recent times. Global Cybersecurity Landscape Remains ‘Tense’ According to TASS, Nikolai Murashov pointed out that hackers managed to inject […]

Xem chi tiết: Expert warns Hackers are Targeting Russian Government’s IT Infrastructure to Mine Cryptocurrencies

Report: Bitcoin Overtakes Gold in the U.S. as the 4th Most Popular Investment Vehicle

Research by Bitflyer released today indicates the growing popularity of the cryptocurrency as an American household investment option. But not in Japan. Stocks Remain the #1 Investment Vehicle Bitflyer, a Japanese crypto exchange, released a research paper that dives into cryptocurrency sentiment and investment trends in the U.S. and compares them to the Japanese market. […]

Xem chi tiết: Report: Bitcoin Overtakes Gold in the U.S. as the 4th Most Popular Investment Vehicle

Japanese Pop Star Talks About Her Facet as Crypto Investor — J-Pop Band Releases NFT Trading Cards

International Operation Disrupts Ransomware Group Netwalker by Tracing Cryptos With the Help of Blockchain Analysis

Former UK Cyber Intelligence Official Pushes for Law Change to Stop Bitcoin Ransomware Payments

Spanish Crypto Exchange 2gether Won’t Reimburse All Stolen Funds From the 2020 Hack

DDoS Attackers Return With Massive Extortion Campaigns in the Wake of Bitcoin Prices Surging

Japanese Police Arrest 30 People for Allegedly Having Exchanged Stolen Cryptos From the 2018 Coincheck Hack

Enjin Coin Becomes the First Gaming Cryptocurrency Approved by Japanese Regulators

Robbers Take $450K From a Tether Trader During an In-Person Transaction in Hong Kong — Second Incident in 2021

Other Articles