31 people have been arrested in the case of the Coincheck virtual currency NEM/XEM leak.

On January 22, Kyodo News and other media outlets reported that 31 people believed to have been involved in the unauthorized exchange of XEM were arrested and refer the case to prosecutors in the 2018 incident in which the crypto asset nem (XEM) was leaked from the crypto asset exchange Coincheck.

According to reports, the total amount of XEM that was illegally exchanged was about 18.8 billion yen at the rate at the time of the leak.

According to the Nikkei Shimbun’s interviews with officials, investigators have traced the leaked nem (XEM) and uncovered 31 people. The method of the investigation included identifying the identities of the users registered there when XEM was exchanged on regular Internet crypto asset exchanges.

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