Hackers begin to move NEM tokens stolen from Coincheck Hackers, who stole 500 million NEM from Japan's Coincheck exchange at the end of last week, began to move their mining. Reuters writes about this with reference to the vice-president of the NEM Foundation, Jeff McDonald.

Hackers start moving NEM tokens stolen from Coincheck

The hackers, who stole 500 million NEM from the Japanese exchange Coincheck at the end of last week, began to move their mining. Writes about this Reuters with reference to Vice President of the NEM Foundation Jeff McDonald.

MacDonald said he was able to trace the path of the movement of coins to an unidentified account, from which the cryptocurrency began to be distributed at 6 cryptocurrency exchanges, probably for later sale.

It was not possible to establish the ownership of this account, as well as the number of coins that could have already been spent by that time, MacDonald said..

“Hackers are trying to spend them on several exchanges. We contact these exchanges, "he said..

NEM Foundation spokeswoman Alexandra Tinsman said the hacker started sending stolen money to random accounts for 100 XEM at a time.

According to MacDonald, the hackers could not spend all the stolen money, because "the market simply could not absorb such an amount.".

McDonald expects hackers to withdraw stolen coins to fiat via other cryptocurrency, which will help them confuse their tracks.

Recall, what after Hacking Coincheck Agency financial services Japan (FSA) takes measures to strengthen security in the cryptocurrency industry.

Similar articles

• Media: Binance is in talks with Facebook about the Libra cryptocurrency Binance is in talks with Facebook about the Libra cryptocurrency project. Finance Magnates writes about this with reference to a statement by the chief strategist at Binance Jin Chao..

  Media: Binance Negotiates With Facebook Over Libra Cryptocurrency Binance Exchange Negotiate With Facebook Over Cryptocurrency...

• OKEx Korea suspends ZCash and Dash delisting South Korean division of cryptocurrency exchange OKEx has temporarily suspended delisting of two private assets, CoinDesk writes.

  OKEx Korea suspends ZCash and Dash delisting South Korean division of cryptocurrency exchange OKEx temporarily suspends process...

• Bloomberg: Fidelity May Begin Crypto Trading Within Weeks One of the world's largest financial asset managers, Fidelity Investments, intends to begin trading cryptocurrencies for institutional clients “within a few weeks”. Bloomberg writes about this with reference to a source familiar with the situation..

  Bloomberg: Fidelity Could Begin Crypto Trading In A Few Weeks One Of The World's Largest Financial Asset Managers Fidelity...

• Cryptocurrency exchange Bitstamp will move customer accounts from the UK to LuxembourgBitstamp - one of the oldest cryptocurrency exchanges in the UK and the market in general - is leaving London after eight years of operation. Writes about it Trustnodes.

  Bitstamp cryptocurrency exchange will move customer accounts from the UK to Luxembourg Bitstamp is one of the oldest cryptocurrency exchanges in the UK and...