Coincheck Hackers Trying to Move Stolen Coins

NEM Foundation have traced the stolen coins to an unidentified account, and the account owner had begun trying to move the coins onto six exchanges
31 January 2018   224

Hackers who stole around $530 million worth of cryptocurrency from the Coincheck exchange last week are trying to move the stolen XEM coins, NEM Foundation said on Tuesday. This is reported by Reuters.

The Vice President of NEM Foundation Jeff McDonald said the company 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, adding that the foundation is contacting those exchanges.

NEM Foundation spokeswoman Alexandra Tinsman said the hacker had started sending out XEM coins to random accounts in 100 XEM batches, worth about $83 each.

When people look to launder these types of funds, they sometimes spread it into smaller transactions because it’s less likely to trigger exchanges’ anti-money laundering mechanisms.

 

Tom Robinson

Сo-founder of Elliptic, a cryptocurrency security firm in London

Robinson added that such hopping among different cryptocurrencies was becoming more prevalent among cybercriminals trying to cover their tracks.

The hackers stole around 5% of the total supply of XEM, the world’s 10th biggest cryptocurrency, according to Coinmarketcap. McDonald said the hackers were unlikely to try to spend anything close to all the stolen cryptocurrency at once, because the “market simply couldn’t absorb that much”.

If the hackers successfully moved the coins to an exchange, they were likely to try to swap them into another cryptocurrency before transferring the coins back into a conventional currency, McDonald said. That would make the funds difficult or near impossible to trace.

Feb 22: New Crypto Listings on Exchanges

From this article you will learn which cryptocurrencies are listed on exchanges on February 22 of 2018
22 February 2018   121

There is a non-stop turnover of cryptocurrencies on the popular crypto exchanges, and there are a lot of digital coins and tokens being listed on the exchanges every day. From this article you will get to know which currencies and trading pairs will be added to the exchanges on February 22 of 2018.

DADI (DADI)

Exchanges: COBINHOOD

DADI is an acronym for Decentralised Architecture for a Democratic Internet. DADI provides a ready-to-roll Web Services framework with data at its heart, enabling the creation of real time, individually targeted experiences.

dadiDADI charts

Crypto Exchange: COBINHOOD
Category: token
Price at the moment of press: 
$0,4
24h volume: $2 895 490
Website and Explorer

Fusion (FSN)

Exchange: COBINHOOD

FUSION is a public blockchain devoting itself to creating an inclusive cryptofinancial platform by providing cross-chain, cross-organization, and cross-datasource smart contracts.

FSNFSN charts

Crypto Exchange: COBINHOOD
Category: token
Price at the moment of press: 
$3,44
24h volume: $770 519
Website and Explorer

Neuromation (NTK)

Exchanges: COBINHOOD

Neuromation is a blockchain platform (the “Neuromation Platform”) for the distributed generation of synthetic, labeled datasets for training of deep neural networks. The Neuromation Platform implements the principle of “knowledge mining”, which assumes that the computing power of mining rigs not only supports abstract blockchain cryptographic computing but also serves to solve specific practical problems that have a physical meaning.

ntkNTK charts

Crypto Exchange: COBINHOOD
Category: token
Price at the moment of press: 
$0,7
24h volume: $307 699
Website and Explorer

Substratum (SUB)

Exchange: COBINHOOD

Substratum is creating an open-source foundation for a decentralized web which will provide unrestricted access to content and sharing of information for users across the globe. Its mission is to bring forth the free and fair internet of the future by combining proven technological building blocks with emergent technologies in an innovative and holistic way to help solve many of the problems that plague the modern interne

subSUB charts

Crypto Exchange: COBINHOOD
Category: coin
Price at the moment of press: 
$0,6
Market cap: $148 673 215
Website and Explorer

Metal (MTL)

Exchange: Lykke

The MTL Token is an Ethereum ERC20 Token that uses MetalPay's unique Proof-of-Processed Payments (PoPP) to identify and reward users. Metal is a professional grade mobile application and backend that allows users to manage cryptocurrency and FIAT funds. By creating an easy to use interface, Metal bridges the gap between the existing learning curve to use cryptocurrency and the needs of users to interact with traditional currencies for payment.

mtlMTL charts

Crypto Exchange: Lykke
Category: token
Price at the moment of press: 
$4,24
Market cap: $81 804 561
Website and Explorer

Our team is continuously updating all the most relevant information regarding all newest tokens and coins which are hitting the markets and exchanges in 2018.