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The Tokyo District Court has just ordered Japan’s first seizure of cryptocurrencies

August 19, 2020

The Tokyo District Court ordered Japan’s first seizure of cryptocurrencies. $ 46,000 worth of Bitcoin (BTC) was confiscated in connection with the hack the Coincheck exchange suffered in 2018.

Kyodo reported that the police had already seized the funds in BTC. that were in the hands of a doctor from Hokkaido and an executive from Osaka Prefecture. The two men were arrested in connection with the attack.

The detainees are accused of having bought the stolen NEM (XEM), although they know the origin of the funds. The purchase was made through a dark internet marketplace in violation of the country’s organized crime laws.

The Tokyo District Court has just ordered Japan’s first seizure of cryptocurrenciesThe Tokyo District Court has just ordered Japan’s first seizure of cryptocurrencies

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

In an investigation by, Asahi Shimbun, it was alleged that Coincheck employees’ PCs were infected with a virus linked to Russian hackers.

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

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