Hackers who stole more than $500 million worth of the NEM cryptocurrency from Japanese cryptocurrency exchange Coincheck last week may have spent a small portion of their illegally obtained gains.
Philippine blockchain technology company Appsolutely received on Thursday about 2,000 NEM coins in its initial coin offering. The payment, worth about $2,000 at the time of the theft, came from one of the numerous accounts across which the stolen coins have been dispersed. Whether the account holder has received ICO tokens in exchange for the payment is unconfirmed.
On Friday, 1,100 of the stolen NEM were sent to a Czech cryptocurrency exchange. Some other stolen coins have also been sent to exchanges in the U.S. and New Zealand as well, according to an official of the NEM.io Foundation, which has devised software to track movements of the stolen cryptocurrency.
The foundation has asked crypto exchanges around the world to refuse service when wrongfully obtained NEM is deposited. But if the stolen coins keep spreading across more accounts, some of them may be converted into other cryptocurrencies or cash.