The public may now be closer to identifying the culprits behind the Coincheck hack, the largest the cryptoeconomy has experienced to date.
Coincheck, a Japanese cryptocurrency exchange based in Tokyo, saw its NEM (XEM) hot wallet scraped by hackers last January. The attackers netted 520 million coins, which were then worth approximately $530 million USD. As such, the economic impact was larger than the fallout caused by the 2014 Mt. Gox hack, which cost that exchange’s traders upwards of $400 million.