Hackers involved in the high-profile Coincheck heist earlier this year may have successfully converted half of the stolen NEM tokens into other digital currencies.
Hung out to Dry
As reported by Japan Today, hackers involved in the large-scale Coincheck heist may have utilized the anonymous “dark web” — which has proved troublesome to investigators trying to track the stolen cryptocurrency then valued at roughly $ 547 million.
According to a cybersecurity expert, hackers created a website on the dark web which allowed for the trading of digital currencies on February 7th. The conversion of NEM coins began immediately, and data illustrates that transactions are still being processed on said website — potentially making the stolen NEM all but untraceable.