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Part of $530 million of stolen cryptocurrency transferred between two accounts

Staff Writer |
Cryptocurrency worth 1.1 billion yen, part of 58 billion yen ($530 million)'s worth of cryptocurrency stolen from the Japanese virtual currency exchange Coincheck, was transferred back and forth between two accounts, it has emerged.

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It has also come to light that the cryptocurrency, known as NEM - which was transferred to nine different accounts when it was stolen - was sent to multiple users believed to be unrelated to the incident.

According to an expert, it is possible that the hackers who stole the NEM currency acted in the way they did in order to check whether the flow of funds was being tracked.

The Metropolitan Police Department is now investigating the hackers' movements, on suspicion that they violated the Act on Prohibition of Unauthorized Computer Access.

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