Plundered cryptocurrency also deposited in Czech, U.S. and NZ exchanges
Hackers who stole more than $500 million worth of the NEM cryptocurrency from Japanese virtual currency exchange Coincheck last week may have successfully spent a small portion of their ill-gotten gains.
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.
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