Japanese Authorities Say the Majority of People Involved in Coincheck’s 2018 Hack Are Individuals With ‘High Social Status’

Japanese Authorities Say the Majority of People Involved in Coincheck"s 2018 Hack Are Individuals With "High Social Status"

More details keep appearing from the police investigation into the 2018 Coincheck hack that stole $530 million from the crypto exchange. Japanese authorities revealed that most of the individuals involved have a “high social status.” One of the Individuals Took Part in a NEM Swap Deal Is Worth $64 Million

According to a report published by Bunshun, “the majority” of the men involved in the case are “high income” individuals. In fact, they come from different professional backgrounds, such as being company managers and doctors.

Prosecutors said the individuals are aged between 20 and 49, without giving major details on their profiles. However, the latest findings suggest that one of the heist people took part in a bogus transaction with NEM (XEM) tokens.

Per the Cybercrime Countermeasures Division, the individual allegedly took part in a NEM swap with another token (unnamed) in a transaction worth $64 million at the exchange time.

But the investigation is still having significant difficulties to advance. At least that’s what the Japanese authorities have been saying recently because the whereabouts of two-thirds of the missing tokens are still unknown. There are no hints on where these tokens could have ended.

Unknown Whereabouts of Around Two-Thirds of the Stolen Tokens

The Cybercrime Countermeasures Division is a unit from the Life Safety Department of the Metropolitan Police Department in Japan.

The team comprises former hackers who worked for top-class companies. They also suspect that crypto assets stolen are probably in overseas exchanges. Still, there are no indications of alleged cybercriminals in the Coincheck hack cashing stolen tokens into fiat in domestic crypto companies.

As news.Bitcoin.com reported early in January, 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. Coincheck’s theft remains the biggest in the cryptocurrency industry, together with the Mt Gox hack of 2014.

What are your thoughts about the report from the Japanese media on the Coincheck hack? Let us know in the comments section below. Cape Cod"s Largest Hospital Gets Bitcoin Donations Worth $800K NEWS | 20 hours ago Malaysian Police Bust Gang That Stole $2.15 Million Worth of Electricity to Mine Bitcoin NEWS | 4 days ago Tags in this story Coincheck, Coincheck hack, cybersecurity, Japan, NEM stolen, Police, Tokyo

Image Credits: Shutterstock, Pixabay, Wiki Commons Use Bitcoin and Bitcoin Cash to play online casino games here. Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments