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Japan police target about 30 people linked to huge cryptocurrency heist

Suspect transactions account for a third of $530m stolen from Coincheck in 2018

About 30 people are under investigation in connection with a 2018 cyberattack that stole 58 billion yen of NEM cryptocurrency from Japan's Coincheck. (Photo by Koji Uema)

TOKYO -- Police in Japan have identified roughly 30 people for alleged involvement in illegal transactions stemming from 58 billion yen ($530 million at the time) worth of NEM cryptocurrency hacked from the Coincheck exchange three years ago, Nikkei has learned.

The individuals have either been arrested or their cases have been referred to the prosecutors' office, according to a source familiar with the situation.

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