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Japan Officials Plan to Confiscate Funds From the 2018 Coincheck Hacking Incident
Summary: According to the Japan Times, Tokyo District Court has issued a protective order, anticipating the confiscation of cryptocurrency assets that were stolen from the 2018 CoinCheck hacking incident. The stolen cryptocurrencies, believed to be fenced by a doctor from Obihiro City, amount to 4.8 million yen ($45,000) in XEM and Bitcoin. 58 billion yen ($550 ...
According to the Japan Times, Tokyo District Court has issued a protective order, anticipating the confiscation of cryptocurrency assets that were stolen from the 2018 CoinCheck hacking incident.
The stolen cryptocurrencies, believed to be fenced by a doctor from Obihiro City, amount to 4.8 million yen ($45,000) in XEM and Bitcoin. 58 billion yen ($550 million) of XEM in total were looted by hackers in 2018.
It is believed to be the first such order issued for cryptocurrency assets in Japan.
By Lily Yang
Tags: Coincheck,cyberattack,Hacker,Regulation
Link: Japan Officials Plan to Confiscate Funds From the 2018 Coincheck Hacking Incident [Copy]
