Business
BIG Blockchain Intelligence Group Inc. Traces Proceeds from USD$534-Million Coincheck Hack of XEM Coin Laundered through Vancouver Based Exchange
(via TheNewswire) Vancouver, Canada / TheNewswire / BIG Blockchain Intelligence Group ...
About this update from Bigg Digital Assets Inc.
[{"type":"text","content":"BIG Blockchain Intelligence Group Inc. Traces Proceeds from USD$534-Million Coincheck Hack of XEM Coin Laundered through Vancouver Based Exchange(via TheNewswire)\n\n \nVancouver, Canada / TheNewswire / BIG Blockchain Intelligence Group Inc. (CSE:BIGG) (OTC:BBKCF) (WKN:A2JSKG) (\"BIG\" or the \"Company\"), a developer of Blockchain technology search and data analytics solutions, reports that its Forensic and Investigations Division has traced proceeds of the USD$534-million Coincheck hack of XEM coin to a Vancouver-based exchange where funds are being laundered out. \n\n\n \nBIG Blockchain Intelligence Group will compile the information gathered from its suite of proprietary technology search and data analytics tools into a comprehensive, official report outlining its forensic findings - for delivery to law enforcement agencies in Canada and the US. This efficient and effective response to the hack further establishes BIG as the global standard for cryptocurrency search and data analytics.\n\n\n \nOn January 26, 2018, Coincheck in Japan reported that 523 million XEM coins, with a value of over USD$500,000.00, had been stolen from its exchange hot wallet.\n\n\n \n\"The NEM (XEM coin) has a strong and loyal crypto community that has been affected by this hack,\" said BIG's Director of Forensics and Investigations, Robert Whitaker. \"Our corporate mandate at BIG Blockchain Intelligence Group is to provide technology and services that bring cryptocurrency mainstream and create security in the sector, which is why we're stepping up to help bring transparency and insight to this example of illicit activity.\"\n\n\n \nOn behalf of the Board,\n\n\n \n\"Lance Morginn\"\n\n\n \nLance Morginn\n\n\n \nCEO, Director & Co-founder\n\n\n \n\n\n\n \nAbout BIG Blockchain Intelligence Group Inc.: \n\n\n \nBIG Blockchain Intelligence Group Inc. (\"BIG\"), has developed from the ground up a cryptocurrency agnostic search and analytics engine allowing RegTech, Law Enforcement & Government Agencies to trace, track and monitor cryptocurrency transactions at a forensic level. Our commercial product, BitRank Verified(R), offers a \"risk score\" for bitcoin wallets allowing banks, exchanges and eCommerce sites to meet traditional regulatory/compliance requirements.\n\n\n \nInvestor relations: Anthony Zelen at [email protected] or 778-819-...