At least a portion of the 523 million stolen from the Japanese cryptocurrency exchange Coincheck coins NEM laundered through one of the trading platforms in Canada. It is reported by the research company BIG Blockchain Intelligence Group Inc.
According to the report, unknown transferred the stolen NEM coins on the crypto currency exchange in Vancouver, which convert them into other cryptocurrencies, and then possibly sent back to Japan. Director and co-founder of BIG lance, Morgan added that the company does not intend to disclose the name of the site, the size of the transaction or the recipients ‘ address in Japan, however, provide this information to law enforcement authorities of Canada and the United States.
“We came to the conclusion that this is a fairly large amount, to examine them. Unknown trying to move them before the door closes, but the volume is impressive”, said Morgan.
The report also noted that for tracking stolen coins uses proprietary search and Analytics engine BIG — RegTech. According to representatives of the company, it allows law enforcement agencies, government agencies and criminologists to trace cryptocurrency transactions.
Earlier also it became known that the ethical hackers actively help law enforcement agencies in tracking more than $530 million in cryptocurrency NEM stolen in late January from the Japanese stock exchange Coincheck. In particular, one of the community members identified the wallets of the attackers.
As already reported ForkLog, in connection with burglary Coincheck Tokyo police interrogated the trader NEM, however, still unknown whether he was involved in the theft.
We will remind, shortly after one of the largest in the history of cryptocurrency hacking Japanese regulator has audited the financial status and security Coincheck. On 15 February, the exchange has submitted to the financial services Agency of Japan report that contains a plan of action that the company takes to improve its business processes.