Coincheck Hackers Sent Stolen NEM to Philippine ICO

Stolen cryptocurrency also deposited in Czech, U.S. and New Zealand exchanges
05 February 2018   643

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.

Unibright and NEM to Join Forces

Result of the partnership should be the creation of the possibility of generating NEM-oriented code in the Unibright framework
09 August 2018   214

The platform for integrating the blockchain into the business processes Unibright and the NEM Foundation announced a strategic partnership.

Representatives of the team Unibright said that the result of the partnership should be the creation of the possibility of generating NEM-oriented code in the Unibright framework and joining Unibright to the NEMsp service partnership program.

In addition, the partnership suggests:

  • adding NEM as a target of Unibrights automatic blockchain code generation
  • adding NEM adapters to Unibright’s integration plattform to connect NEM architectures to existing IT landscapes
  • qualifying Unibright as an official NEM Service Partner by training and certification through the Global NEMsp Network.
  • working together on common customer projects, case studies and proof of concepts with industry partners and clients

The NEMsp Network is a scalable and repeatable program designed to expedite the adoption of NEM globally while creating value for our partners. Companies won’t need to have any internal technical staff to be able to build on the NEM Blockchain because a project can be completely developed and deployed by a NEMsp. Unibright puts that development on an even higher level by generating code automatically, and thus are a perfect fit to the NEMsp network. We look forward to a long and mutually beneficial relationship with Unibright.
 

Kristof Van de Rek

Interim President, NEM.io

Unibright already cooperates with Lufthansa.