Image: iStock

The Tokyo District Court ordered the seizure of $46,000 worth of bitcoin related to a hack of the Coincheck exchange in 2018, Cointelegrah reported, citing local outlet Kyodo. It was the first time Japan’s authorities have seized cryptocurrency.

Police said the bitcoin was held by a Hokkaido doctor and an Osaka Prefecture-based executive, both of whom were arrested in connection with the hack.

They are accused of knowingly purchasing the stolen NEM (XEM) through a dark web market, violating the country’s organized crime laws.

In January 2018, Coincheck suffered a record-breaking hack when $534 million worth of NEM was stolen from its wallets.

Research by Asahi Shimbun alleged that personal computers belonging to Coincheck’s employees were found to have been infected by a virus associated with Russian hackers.

The exchange suffered another data breach in June 2020, involving unauthorized access to the platform’s domain registration service, Cointelegraph Japan reported.

Asia Times Financial is now live. Linking accurate news, insightful analysis and local knowledge with the ATF China Bond 50 Index, the world's first benchmark cross sector Chinese Bond Indices. Read ATF now.