July 25, 2021

Japanese exchange Zaif lost $ 60 million as a result of hacker …

Japanese exchange Zaif lost $ 60 million as a result of hacker attack

Hackers were able to steal almost $ 60 million in cryptocurrencies from the Japanese crypto exchange Zaif, Cointelegraph reports, citing local sources..

Japanese exchange Zaif lost $ 60 million as a result of hacker attack Hackers were able to steal almost $ 60 million ...

According to their information, as a result of the attack, which took place on September 14, 4.5 billion yen belonging to its users, as well as 2.2 billion yen, which were the company’s assets, were stolen from the exchange’s hot wallets. Thus, the total losses of Zaif amounted to 6.7 billion yen, or about $ 59.7 million..

Tech Bureau Inc, which is the operator of Zaif, writes in a press release that it discovered a server error on September 17, after which the deposit / withdrawal of funds on the exchange was suspended. On September 18, the company realized that the error was caused by a hacker attack and reported the incident to the Japan Financial Services Agency. Hackers prey on 5,966 bitcoins, as well as assets in Bitcoin Cash and MonaCoin.

According to Tech Bureau Inc, Fisco Digital Asset Group will help partially compensate for the damage caused to users by providing 5 billion yen ($ 44.5 million). Tech Bureau has agreed with Fisco to fire more than half of its directors and corporate auditors, and Fisco, in turn, will become its main shareholder.

Japanese exchange Zaif lost $ 60 million as a result of a hacker attack Hackers were able to steal almost $ 60 million ...

Earlier this year, Zaif already acknowledged the existence of a “system failure”, using which, exchange clients were able to temporarily deposit trillions of dollars in bitcoins into their accounts..

Japanese exchange Zaif lost $ 60 million as a result of a hacker attack Hackers were able to steal almost $ 60 million ...

Tech Bureau, licensed by the Japanese regulator to provide cryptocurrency exchange services, reported the incident to the authorities as a criminal case, as access to its assets was obtained without the necessary authorization..

The Japanese financial services agency has already ordered the improvement of the Tech Bureau’s practices, in particular on security and anti-money laundering issues, amid the Coincheck exchange hack, from which $ 520 million in cryptocurrency was stolen in January.

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