Japanese law enforcement authorities detained two people suspected of stealing cryptocurrencies on the CoinExchange for more than 700 thousand US dollars – local media informs.
Based on the case file, the theft happened on October 29, 2018. Ex-digital asset manager Yuto Onitsuka gained access to the account on the CoinExchange and transferred it to his partner Takuma Sasaki, who had withdrawn funds to his own accounts.
Police believe that part of the funds (about $55 thousand) was withdrawn to fiat, this amount went to Sasaki’s bank account. Onitsuka admitted his deed, he said that he wanted to bankrupt the exchange because he did not like its policy.
Important to note is that CoinExchange announced the closure in October 2019, explaining this decision by lack of finance. But representatives of the site assured that this was not connected with hacking. Earlier we wrote that two Israelis were accused of hacking the Bitfinex crypto exchange in 2016.
To keep up with the latest news in the world of cryptocurrencies and the blockchain industry, check out updates on TheCoinShark.