Hackers Coincheck has invested the stolen coins NEM in the Philippine ICO

February 6, 2018

Hackers Coincheck has invested the stolen coins NEM in the Philippine ICO

Hackers Coincheck has invested the stolen coins NEM in the Philippine ICO

Hackers who stole the nem cryptocurrency worth more than $ 500 million from the Japanese virtual currency exchange Coincheck may have successfully spent part of the stolen funds.

On Thursday, the Philippine blockchain startup Appsolutely received about 2,000 NEM coins during the initial coin offering. A payment worth about $ 2,000 at the time of the theft came from one of the numerous accounts to which the stolen nem coins were sent. If the account owner the token-ICO in exchange for payment, while the company is not reported.

On Friday, 1,100 stolen NEM were sent to the Czech cryptocurrency exchange. According to an employee of NEM.io Foundation, which developed a software to track the movements of the stolen cryptocurrency, some other stolen coins were also sent to exchanges in the US and New Zealand.

The Fund called for the crypto currency exchange around the world to refuse to service accounts of criminals, which deposited illegally obtained NEM. But if the stolen coins will continue to spread across a larger number of accounts, some of them may be converted to other cryptocurrencies or cash.

Source