Some of the funds stolen from Coincheck Inc. in the $500 million heist have been traced to a cryptocurrency exchange in Canada, according researcher BIG Blockchain Intelligence Group Inc.
Some of the stolen NEM coins are being transferred to a Vancouver-based exchange, where they are being converted to other cryptocurrencies for a possible return trip to Japan, according to Shone Anstey, president and co-founder of BIG.
Anstey declined to name the exchange, give the amount traced or its destination in Japan but said the findings will be turned over to law enforcement.
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