Two People Arrested in Japan for Holding Coins Linked to Coincheck’s $530m 2018 Heist

On March 11, the Tokyo Metropolitan Police arrested two people in connection with the $580m hack on cryptocurrency exchange Coincheck. The police revealed that the two men were found in possession of NEM cryptocurrency linked to the cryptocurrency stolen from the exchange in 2018.

The police further revealed that the two men were aware that the cryptocurrency they had in their possession were stolen from the exchange. According to the Tokyo metropolitan police, the two men traded cryptocurrencies between february and March 2018.

Timeline of Nem