Japanese Cryptocurrency Exchange Reports 59 Million Dollar Losses

Japanese cryptocurrency exchange reports 59 million dollars in losses. New flop in Exchange security ...

Japanese Cryptocurrency Exchange Reports 59 Million Dollar Losses - zaif

According to reports from Cointelegraph Japan, hackers stole 59 million dollars in cryptocurrencies from the Japanese exchange Zaif.

According to a local report, following a security breach occurred last September 14, hackers managed to steal 4,5 billions of yen from users with boiling wallets, as well as 2,2 billions of yen from the company's activities, with total losses of 6,7 billion yen or about 59,7 million dollars.

Japanese Exchange Zaif

Tech Bureau Inc, who ran Zaif, said in the press release that the exchange detected a server error on September 17, after which Zaif suspended deposits and withdrawals on the platform. On September 18, the exchange realized that the error was caused by a hacker attack, and reported the incident to the Japanese financial regulatory authority, the Financial Services Agency (FSA). Hackers have stolen 5.966 bitcoin (BTC) in addition to some Bitcoin Cash (BCH) e MonaCoin (MONA).

According to Tech Bureau Inc, the Fisco Digital Asset Group company will help Zaif cover the activities lost by customers by providing 5 billion yen (44,5 million dollars).

Recall that the Zaif exchange is the largest 101mo in the world in terms of trading volume, according to CoinMarketCap, and that already earlier this year, Zaif admitted a "technical problem" that allowed users to temporarily buy trillions of dollars in Bitcoins (BTC) for free. At that time, 16 customers were accidentally able to "trade" yen for cryptocurrency at a rate of 0 yen per currency.