Vancouver, Canada – 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.
First appeared on blockchaingroup
BIG 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.
On January 26, 2018, Coincheck in Japan reported that 523 million XEM coins, with a value of over USD$500,000,000 had been stolen from its exchange hot wallet.
“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.”
On behalf of the Board,
CEO, Director & Co-founder
About BIG Blockchain Intelligence Group Inc.:
BIG 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®, offers a “risk score” for bitcoin wallets allowing banks, exchanges and eCommerce sites to meet traditional regulatory/compliance requirements.
Investor Relations: Anthony Zelen at firstname.lastname@example.org or 778.819.8705.
For more information and to register to BIG’s mailing list, please visit our website at www.blockchaingroup.io. Follow @blocksearch on Twitter. Or visit SEDAR at www.sedar.com.
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