Hackers have compromised Japanese cryptocurrency Exchange firm Zaif exchange and stole cryptocurrencies worth 6.7 billion yen ($60 million)
Hackers have compromised Japanese cryptocurrency Exchange firm Zaif exchange and stole cryptocurrencies worth 6.7 billion yen ($60 million). According to Tech Bureau Corp, the stolen cryptocurrencies includes Bitcoin, Monacoin, and Bitcoin Cash. The exchange discovered the issue on September 14 when it noticed suspicious outflow of fund around 17:00 Japan time and immediately suspended all its activities. The hackers compromised one of the firm’s server and transferred coins from the hot wallet ( where virtual coins are stored in the exchange) of the exchange to attackers wallet. According to Reuters, Tech Bureau sold its majority of ownership to JASDAQ-listed Fisco Ltd for an amount of 5 billion yen ($44.59 million) and the amount will be used to replace the stolen currencies “Following the hack, Tech Bureau said it had agreed with JASDAQ-listed Fisco Ltd (3807.T) to receive a 5 billion yen ($44.59 million) investment in exchange for majority ownership. The proceeds from the investment would be used to replace the digital currencies stolen from client accounts.” The company disclosed the hacking on September 18 and said that they have notified authorities about the incident. Earlier this year another Japan-based exchange was also compromised and stole cryptocurrencies worth $520 million. For the latest cyber threats and the latest hacking news please follow us on Facebook and Twitter.
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