Stolen Coincheck Cryptocurrency Traced to Canada: Researcher
- Some of the stolen NEM coins may have been sent back to Japan
- Vancouver-based researcher plans to hand data to authorities
Coincheck Inc. signage in Japanese characters is displayed outside the company's headquarters in Tokyo
Photographer: Kiyoshi Ota/BloombergThis article is for subscribers only.
Some of the funds stolen from Coincheck Inc. in the $500 million heist have been traced to a cryptocurrency exchange in Canada, according researcher BIG Blockchain Intelligence Group Inc.
Some of the stolen NEM coins are being transferred to a Vancouver-based exchange, where they are being converted to other cryptocurrencies and then possibly sent back to Japan, according to Shone Anstey, president and co-founder of BIG. Anstey declined to name the exchange, give the amount or the destination in Japan, but said the findings will be turned over to law enforcement.