The Tokyo Police has stopped two individuals suspected of holding cryptocurrencies from hack over 500 million dollars committed on the Japanese stock exchange Coincheck in 2018.
According to JapanTimes, yesterday, the Tokyo Metropolitan Police Department arrested a doctor from Hokkaido and a business executive from Osaka, both accused of having acquired cryptocurrencies stolen earlier on Coincheck.
In January 2018, 523 million NEM (XEM), just over $ 500 million, were stolen by hackers on the platform Coincheck. It is the largest theft of cryptocurrencies on an exchange in history.
Authorities say the two suspects bought the NEM stolen via a site on the dark web at a preferential rate, while knowing the origin of the funds.
Some tokens were then transferred to an exchange platform, allowing the police to identify the two men in their thirties.
A few months after hack, the Japanese multinational My ex had redeemed – and saved – Coincheck. The crypto exchange has since re-launched its services and even obtained a license in Japan.
These two arrests are the first to be linked to this case. Today, a task force of around 100 investigators is still specifically focusing on the incident, reports the Japanese daily.
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