A Japanese Court Just Ordered the Nation’s First Cryptocurrency Seizure

A Tokyo court sets a precedent in the Japanese crypto industry.

The Tokyo District Court has issued Japan’s first ever crypto seizure. $46,000 worth of Bitcoin (BTC) was expropriated in relation to a hack suffered by the Coincheck exchange in 2018.

Kyodo reported that police have already seized the BTC, which was held by a doctor from Hokkaido and an executive from the Osaka Prefecture. The two men were arrested in connection with the hack.

지금 난리 난 다른 소식👉 닭 직접 사서 에어프라이어로 굽네 치킨 맛이랑 똑같이 낼 수 있는 레시피

They are accused of knowingly purchasing the stolen NEM (XEM) through a dark web market, violating organized crime laws in the country.

As Cointelegraph reported in January 2018, Coincheck suffered a record-breaking hack when $534 million worth of NEM was stolen from its wallets.

Research by Asahi Shimbun alleged that personal computers belonging to Coincheck’s employees were found to have been infected by a virus associated with Russian hackers.

The exchange suffered another data breach in June 2020, involving unauthorized access to the platform’s domain registration service, Cointelegraph Japan reported.