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A darknet site where NEM can reportedly be bought for bitcoin or Litecoin.   © Kyodo

Coincheck loot being turned into bitcoin

Tens of thousands of dollars in stolen NEM now exchangeable for cash

Nikkei staff writers | Japan

TOKYO -- Of the 58 billion yen ($530 million) in cryptocurrency stolen from marketplace operator Coincheck, at least several million yen has likely been converted into bitcoin and other virtual currencies on the hidden darknet, according to sources close to the investigation.

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