Japan issued for the first time Court Order to Confiscate a Stolen Cryptocurrency

Japan issued for the first time Court Order to Confiscate a Stolen Cryptocurrency

A Tokyo district court has ordered the confiscation of a stolen cryptocurrency (NEM) from case Coincheck.

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20 Aug 2020 , 18:49 @ Matey Salt

Japan issued for the first time Court Order to Confiscate a Stolen Cryptocurrency

A Tokyo district court has ordered the confiscation of a stolen cryptocurrency (NEM) from case Coincheck.

According to information from KYODO, this is a case from 2018 when was stolen 58 billion yen in NEM cryptocurrency. These funds were stolen from wallets belonging to the Japanese cryptocurrency exchange Coincheck.

At the time of attack was the price of NEM around $ 1

In this case, the district court began investigating a 30-year-old man from Hokkaido, who was to gain 4.8 million yen from the theft and immediately ordered him to confiscate these funds.

Coincheck Hack 2018 was a record attack when was totaly stolen $ 534 million from the cryptocurrency market. The attackers targeted at NEM tokens, which they then moved to 19 different addresses.

Read also: The most feared Mafia in Europe used Wirecard to launder money

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