Discover the intricate details of the $523 million heist from Coin Check, where hackers managed to evade capture and laundered millions of dollars. Uncover the challenges faced by authorities in tracking down the perpetrators and learn about the ongoing investigation into the stolen funds.
How much money was stolen in the Coin Check heist?
$523 million was stolen from the exchange's hot wallet.
What cryptocurrency was taken by the hackers?
The hackers made off with NCoin cryptocurrency.
How did Nem Foundation aid in recovery efforts?
Nem Foundation used mosaics to alert exchanges about hacked money.
Why did the initial evasion tactics fail?
The clear visibility of stolen funds prompted a new strategy.
How did Japanese authorities handle the laundered funds?
Over $400 million of laundered funds were out of reach of Japanese authorities.
How many men were arrested in connection to the stolen cryptocurrency?
Japanese police arrested 30 men for trading $100 million of stolen cryptocurrency.
What percentage of the initial hack value was recovered through arrests?
Less than 1/5th of the initial hack value was accounted for in arrests.
Why are cryptocurrency transactions difficult to trace?
Cryptocurrency transactions involve large sums of money, making them complicated to trace.
How do perpetrators evade capture in cryptocurrency crimes?
Perpetrators use tumblers to break the traceable link of the stolen funds.
What is the significance of the active Bitcoin wallet with 326 Bitcoin?
The wallet has been active since June 17th, 2022, indicating a long-term investment strategy.
Discover the intricate details of the $523 million heist from Coin Check, where hackers managed to evade capture and laundered millions of dollars. Uncover the challenges faced by authorities in tracking down the perpetrators and learn about the ongoing investigation into the stolen funds.
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