NEM Foundation – DIGIT INFO

Japanese Police Arrest 30 People for Allegedly Having Exchanged Stolen Cryptos From the 2018 Coincheck Hack

January 23, 2021 by DIGIT

Japanese police charged 30 people for their alleged involvement in illegal transactions linked to the well-known $530 million Coincheck hack in 2018. Tokyo authorities traced all individuals’ transactions to different places across the nation. Illicit Transactions Are Estimated to Have Totaled Over $96 Million Initially, Nikkei reported that the suspects were either arrested or their … Read more

Tokyo Police Arrest 2 Men for Buying Cryptocurrency Tied to $530M Coincheck Hack

March 11, 2020 by DIGIT

Tokyo police arrested two individuals on Wednesday for acquiring stolen NEM from the 2018 Coincheck hack. On Jan. 26, 2018, the Japanese trading platform Coincheck noticed an “illicit transfer” of 523,000,000 NEM and it was the largest cryptocurrency exchange hack since Mt Gox. According to Tokyo investigators, the two men who obtained the purloined stash … Read more

NEM Foundation Enforces Budget Cuts and Shifts Focus to B2B

January 31, 2019 by DIGIT

The cryptocurrency industry is under a lot of pressure from different angles. Exchanges are getting hacked or forced to shut down. Numerous projects turn into blatant scams as developers bail. It now seems the NEW Foundation is forced to pivot its approach as well. A bit of an unusual development, although it also seems to … Read more

NEM Foundation Stops Tracking Coins Stolen from Coincheck

March 22, 2018 by DIGIT

The NEM Foundation has announced it will no longer track cryptos stolen from the Japanese exchange Coincheck. The Singapore-based organization said it had provided law-enforcement agencies with information from its investigations. It did not explain its decision to end the tracking efforts. According to some estimates, half of the NEM coins that disappeared in the … Read more