Japanese Authorities Are Reportedly Targeting Individuals For Their Alleged Involvement In The January 2018 Hack Of Coincheck
Japanese Authorities Are Reportedly Targeting Individuals For Their Alleged Involvement In The January 2018 Hack Of Coincheck
January 23, 2021
Japanese Authorities Are Reportedly Targeting Individuals For Their Alleged Involvement In The January 2018 Hack Of Coincheck
Japanese Authorities Are Reportedly Targeting Individuals For Their Alleged Involvement In The January 2018 Hack Of Coincheck
January 23, 2021

Report said that Japanese authorities are reportedly targeting individuals for their alleged involvement in the January 2018 hack of the Coincheck crypto exchange.

It has been reported by Japanese news outlet Nikkei Asia that police have arrested or referred around 30 people in Japan to the local prosecutors’ office for their alleged role in hacking one of the country’s cryptocurrency exchanges.

However, in January 2018, hackers stole around $534 million worth of NEM (XEM) from Coincheck in what was, and still is the largest hack of a crypto exchange.

The report said that Nikkei Asia claims that according to an unnamed source, investigators “traced the accounts at conventional cryptocurrency exchanges through which the hacked NEM was converted” to identify the 30 people.

According to the report, since the attacks occurred three years ago, investigators have alleged that Russian hackers may have been partially responsible for infecting the personal computers of Coincheck employees with a virus. The virus could have enabled hackers to take over the infected computers and operate them remotely.

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Thus, until now, Japanese authorities had made few arrests in connection with the Coincheck hack.

Source: Cointelegraph


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Ishita Bora

Ishita Bora is a Senior Content Creator at Digital Notice Media Labs with an experience of 1 year. She has completed her Master's Degree in Language and Linguistics in 2019 from Gauhati University, India. Her interest lies in blockchain technology and cryptocurrency space. She loves writing about blockchain and other blockchain-related articles.