The hacker is still moving XEM from account to account, and eventually into exchanges - primarily onto Bittrex. He probably has stolen identities and whatever else necessary to create the accounts. Pretty good sign that he hasn't been busted.
Last I checked there was 70mil XEM remaining in his last wallet, with ~30mil still in exchanges.
Hopefully he dumps it all sooner, rather than later. I think we are all ready for thought of him still having XEM to be over with.
I think it's best if we all look at the bright side of this, whether or not the hacker gets away.
1. He crashed price, giving us excellent buy opportunities.
2. Drew much attention to exchange security, resulting in actions to strengthen it.
3. One could claim he played a robin-hood role of sorts, redistributing tax (fees) to us lowly plebes.
4. Proved NEM blockchain tech. - A. It can't or won't be manipulated by a big boss or a government. B. It can be traced, even when laundered, and even by average joes like myself. C. NEM chain can securely handle large volumes of transactions even without Catapult implemented yet!
Last I checked there was 70mil XEM remaining in his last wallet, with ~30mil still in exchanges.
Hopefully he dumps it all sooner, rather than later. I think we are all ready for thought of him still having XEM to be over with.
I think it's best if we all look at the bright side of this, whether or not the hacker gets away.
1. He crashed price, giving us excellent buy opportunities.
2. Drew much attention to exchange security, resulting in actions to strengthen it.
3. One could claim he played a robin-hood role of sorts, redistributing tax (fees) to us lowly plebes.
4. Proved NEM blockchain tech. - A. It can't or won't be manipulated by a big boss or a government. B. It can be traced, even when laundered, and even by average joes like myself. C. NEM chain can securely handle large volumes of transactions even without Catapult implemented yet!
Those are all excellent points, especially 1, 2, and 4. The "redistribution" was theft, plain and simple, and in a way he didn't just steal from Coincheck. He stole from all of us holding NEM, especially anyone who was in a position where they needed to sell for any reason (such as paying a bill) while the price is depressed due to his/her actions.
But with that said, this kind of thing happens in crypto, and we pretty much have to expect it for the time being.
These events like coincheck hack remind me of Spartan mothers leaving their new born babies outside overnight, it weeds out the weak, leaving the strong to become badass motherfucking warriors. XEM survived the cold night, and now becomes badass warrior. If a crypto Can't benefit from being the source of the biggest theft in history, it deserves to die!
shocker. 
