(TheNewswire)
Vancouver, Canada / TheNewswire / 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.
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$500,000.00, 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,
“Lance Morginn”
Lance Morginn
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 anthony@blockchaingroup.io 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.
Forward-Looking Statements:
Certain information set forth in this news release may contain forward-looking statements that
involve substantial known and unknown risks and uncertainties. By their nature, forward-looking statements involve numerous
assumptions, known and unknown risks and uncertainties, both general and specific that contribute to the possibility that the
predictions, estimates, forecasts, projections and other forward-looking statements will not occur. Many of these risks and
uncertainties are beyond the control of the Company, including but not limited to, the future business operations of BIG. Important
factors that could cause actual results to differ materially from BIG’s expectations include, consumer sentiment towards BIG’s
products and Blockchain technology generally, technology failures, competition, and failure of counterparties to perform their
contractual obligations. Readers are cautioned that the assumptions used in the preparation of such information, although
considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on
forward-looking statements. Forward-looking statements contained in this news release are expressly qualified by this cautionary
statement. The forward-looking statements contained in the news release are made as of the date of this news release, and the
Company does not undertake any obligations to update publicly or to revise any of the included forward-looking statements, whether
as a result of new information, future events or otherwise, except as expressly required by applicable
securities law.
The CSE does not accept responsibility for the adequacy or accuracy of this release.
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