Coincheck hackers believed trying to move stolen cryptocurrency into exchanges

Reuters reports:

Hackers who stole ¥58 billion ($532 million) worth of cryptocurrency from the Coincheck exchange last week are trying to move the stolen “XEM” coins, the foundation behind the digital currency said on Tuesday.

NEM Foundation, creators of the XEM cryptocurrency, have traced the stolen coins to an unidentified account, and the account owner had begun trying to move the coins onto six exchanges where they could then be sold, Jeff McDonald said.

The location of the hackers’ account was not known.

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