Menu

Search

  |   Digital Currency

Menu

  |   Digital Currency

Search

Coincheck hack proceeds laundered through Canada-based exchange

In its investigations, Blockchain Intelligence Group (BIG), a developer of blockchain technology search and data analytics solutions, has found that the proceeds of the Coincheck hack are being laundered through a Vancouver-based exchange.

Earlier this year, cryptocurrency exchange Coincheck lost $530 million in XEM tokens to hackers. BIG’s Forensic and Investigations Division has now traced the proceeds to a Vancouver-based exchange where funds are being laundered out.

In its official release, BIG said that it will compile the information gathered from its suite of proprietary technology search and data analytics tools into a comprehensive, official report outlining its forensic findings - for delivery to law enforcement agencies in Canada and the US.

“The NEM (XEM coin) has a strong and loyal crypto community that has been affected by this hack,” said BIG’s Director of Forensics and Investigations, Robert Whitaker. “Our corporate mandate at BIG Blockchain Intelligence Group is to provide technology and services that bring cryptocurrency mainstream and create security in the sector, which is why we’re stepping up to help bring transparency and insight to this example of illicit activity.”

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

June 20 23:50 UTC Released

JPForeign Invest JP Stock

Actual

-40.8 Bln JPY

Forecast

Previous

-108.5 Bln JPY

June 20 23:50 UTC Released

JPForeign Bond Investment

Actual

1490.4 Bln JPY

Forecast

Previous

-488.5 Bln JPY

January 31 00:00 UTC 203292203292m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 203292203292m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 215112215112m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 203292203292m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 215112215112m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 203292203292m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 203292203292m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 203292203292m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.