Coincheck Hackers Sent Stolen NEM to Philippine ICO

Stolen cryptocurrency also deposited in Czech, U.S. and New Zealand exchanges
05 February 2018   144

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.

NEM Meetup to be Held in Cordoba, Argentina

NEM is organizing blockchain meetups in Latin America; the Argentina meetup will be held in Cordoba on February 17, 2018
17 February 2018   114

NEM blockchain platform was designed and coded from the ground up for scale and speed. Its consensus mechanism and the Supernode program aim to ensure that NEM’s open, public blockchain can grow without ever compromising throughput or stability.

NEM is currently organizing blockchain meetups in Latin America, and the Argentina meetup will be held in Cordoba on February 17, 2018.

Nem argentina meetup locationMeetup Exact Location

Location: Blas Pascal University, Tte. Gral. Donato Alvarez 380, 5147 Cordoba, Argentina
Time: 10:00 AM to 12:00 AM
Agenda: Mining, Multisignature protection, Domains and Assets Creation, Private and public blockchain for companies

At the moment of press, these are main market parameters of NEM:

Average price: $0,540646
Market cap: $4 865 813 999
24h volume: $30 245 700