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© KYODOCoincheck hackers may have laundered half of stolen NEM coins
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© KYODO
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Magnus Roe
It's explained rather thoroughly in the article. They don't need "laundering" because there is no papertrail and the coints themselves can be used directly or converted to other coins or regular currency with the amount deposited on a paypal account.
Saba
Still look like inside job for me
maybeperhapsyes
Isn't blockchain traceable in all transactions back to it's origins?
Should know exactly where in the "chain" it went array if that's the case.
Something ain't right here.
Goodlucktoyou
Half! Gotta study hacking, gotta study hacking, gotta study hacking...
Wakarimasen
Magnus
how "converted to regular currency"?? you tried to withdraw money from a digital coin exchange any time recently?
Goodlucktoyou
Shocked today in Kansai, saw a restaurant that accepts visa and bitcoins.
Strangerland
They do know exactly where it happened.
But think of it this way. If you steal a $20 bill from someone, and then use bill that to buy a $20 cake from me, then I now have the $20 bill. I can then use that $20 bill to buy $20 worth of stuff. Sure it was stolen at one point, but the bill is still a valid $20 bill.
Wakarimasen
More nonsense. "Laundered" how exactly? Until you can change any of these back to real spendable money it is all smoke and mirrors.