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Capital Markets

Coincheck hackers have laundered $84.7 million worth of NEM

Foundation behind the digital currency falling behind in tracking efforts

A man takes a picture of a NEM logo at nem bar in Tokyo, where customers can pay with NEM coins.   © Reuters

TOKYO -- The cryptopirates who late last month made off with about $530 million worth of the digital currency NEM from a Japanese exchange have converted about $84.7 million of the booty into other virtual coins.

The trades are being made on the dark web, which can only be accessed with anonymity-providing tools.

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