The most substantial part of 500 million NEM units, stolen by hackers from Japanese cyber money trading venue Coincheck around two months ago, has already been laundered.
It is noteworthy that the total amount of thieved coins equaled approximately $550 million.
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As per Nikkei Asian Review information, almost all funds from Coincheck, which were stolen by a hacker or a group of hackers as a consequence of a cyber-attack, have already been cashed out.
Moreover, as the analysis of online remittances evidence connected to the thieved NEM tokens demonstrates, these funds have been laundered via dark web.
In particular, as at March 22, a dark web platform vending the thieved NEV coin was showcasing zero balance. This information was confirmed by the security company “L Plus,” headquartered in Tokyo.
The same dark web portal was primarily established at the beginning of February by an operator to swap thieved NEM tokens into other cyber assets.
Why Nobody Stopped The Funds From Being Laundered?
Interestingly, in the middle of March, it was reported that intruders had already cashed out nearly half of all stolen NEM funds.
And that is in spite of the fact that at that moment half a billion crypto-units were tagged by NEM Foundation, based in Singapore.
However, the system which was supposed to tag the stolen funds was deactivated last week by the Foundation itself. The reasons for that remain unknown.
Nevertheless, this action accelerated the process of XEM tokens being cashed out – firstly by being exchanged into other cyber-coins in a plethora of wallets.
It might seem now that the involvement of 100 Japanese law enforcement officers into the investigation has been done in vain.
In the meantime, Coincheck, which suffered one of the most extensive hacker attacks in the history of cryptos, has kept its word after promising to give its NEM holders their assets back. The breach occurred, by the way, on January 26, 2018.
