Home News Coincheck hackers attempt to invest stolen NEM coins in ICO

Coincheck hackers attempt to invest stolen NEM coins in ICO

On February 3, about 2 000 NEM coins worth approximately $ 2 000 were transferred to ICO account run by Appsolutely, the Philippines-based blockchain technology company. The transfer was made from one of the numerous accounts which were used by hackers to disperse more than 500 million worth of the NEM cryptocurrency that they had stolen from Coincheck Japanese cryptocurrency exchange Coincheck last week.

Thus, it is highly likely that these funds are the small chips of the stolen amount.

A day later, a Chech cryptocurrency exchange received another 1 100 stolen NEM coins, the same being reported by several cryptocurrency exchanges in US and New Zealand.

Meanwhile, the NEM.io Foundation, which launched NEM cryptocurrency back in 2015, is using self-developed software designed for tracking the circulation of the cryptocurrency stolen. It urges cryptocurrency exchanges to refuse deposits made in ill-gotten NEM coins.