How to Launder $500 Million in Digital Currency: QuickTake Q&A - News Summed Up

How to Launder $500 Million in Digital Currency: QuickTake Q&A


(Bloomberg/Bloomberg)Early Friday morning in Tokyo, hackers broke into a cryptocurrency exchange called Coincheck Inc. and made off with nearly $500 million in digital tokens. It’s one of the biggest heists in history, with the exchange losing more than 500 million of the somewhat obscure NEM coins. Q: Where did the stolen coins go? Coincheck has identified and published 11 addresses where all 523 million of the stolen coins ended up. Converting NEM coins into a more anonymized currency, like Monero, could conceivably launder them.


Source: Washington Post January 29, 2018 06:00 UTC



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