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Cryptocurrency war heats up

  • May 12, 2018
  • , NHK
  • JMH Summary

Saturday’s “NHK Special” reported on an incident in which 58 billion yen worth of a cryptocurrency called NEM was stolen from Coincheck, a Japanese cryptocurrency exchange. Although the NEM Foundation had been trying to track down the stolen cryptocurrency, it announced last month that it had called off the search. The program said the perpetrators have already exchanged all of the stolen NEM into bitcoin and other cryptocurrencies on the Dark Web. The program showed white hat hackers from Japan and around the world trying to hunt down the perpetrators using original programs and collecting information. The program also interviewed an FBI agent, who pointed out that various criminal organizations around the world, including groups engaged in human trafficking and drug smuggling, are targeting cryptocurrency. He stressed the need to prevent such organizations from obtaining funds through cryptocurrency. 

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