Business

Japan officials to seize funds from $530 million Coincheck hack

In 2018, Tokyo-based crypto exchange Coincheck was ransacked for over $500 million in the peer-to-peer cryptocurrency, NEM (XEM). More than two years on, a portion of the misappropriated funds are to be seized by the Tokyo District Court. Per reports from the Japan Times Wednesday, the court issued a protective order for future seizure from one Takayoshi Doi, a doctor from Obihiro City, Hokkaido. While Doi isn't accused of running the 2018 hack of Coincheck, he was arraigned by officials in Marc...