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Cryptocurrencies

'White hat' hackers team up in hunt for stolen virtual currency

Dozens of computer whiz kids work to identify Coincheck thieves

Suspicious communications between Tokyo-based Coincheck and servers outside Japan went on for weeks before a $542 million cryptocurrency theft, a new finding suggests.

TOKYO -- So-called "white hat" hackers are adding their expertise to the ongoing search for 58 billion yen ($538 million) worth of NEM cryptocurrency stolen in the recent hack of Tokyo-headquartered virtual currency exchange Coincheck. Their contributions are inspiring more computer experts to join them.

Although it is not known who was involved in the theft, white hat hackers have played a key role in keeping track of the stolen currency. One prominent one goes by the handle JK17 on Twitter.

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