Hackers Behind $530 Million Coincheck Heist Begin Moving Stolen Funds

The hackers behind last week’s $530 million Coincheck heist have once again begun moving the stolen XEM tokens, marking the beginning of what will likely be a cat-and-mouse game to launder the funds.

Blockchain data demonstrates that the hackers made a litany of transfers from their primary address to a variety of other addresses on Jan. 30. Each transaction transferred 100 XEM, worth approximately $77 at the present exchange rate.