Slightly shocking all round. Tech Bureau are a long standing crypto company and how they could've allowed something like this to happen unnoticed for what seems like a few days is beyond me.
Zaif was also one of the first 'properly' regulated Japanese exchanges. I presumed regulation entailed some serious security and being held to it. It's all looking a bit wobblier than before.
Topic: Zaif hacked for $60 million - page 2. (Read 279 times)
Exchange wallets are still big targets for thieves. These thefts make bank heists look small.
Source: https://www.coindesk.com/crypto-exchange-zaif-hacked-in-60-million-6000-bitcoin-theft/
Quote
Yet another Japan-based cryptocurrency exchange has been hacked, losing a 6.7 billion yen (about $60 million worth of cryptocurrency), including 5,966 bitcoins.
The licensed exchange, called Zaif, is operated by the Tech Bureau. It said on Thursday that the exchange first noticed an unusual outflow of funds on the platform around 17:00 Japan time on September 14, after which the company suspended asset deposit and withdrawal services.
Tech Bureau explained that after further investigation, it discovered that hackers with unauthorized access to the exchange's hot wallets had stolen roughly $60 million in bitcoin, bitcoin cash, and MonaCoin. That being said, the exact amount of bitcoin cash stolen remains unknown.
The exchange added that since its own asset reserve is currently around 2.2 billion yen (or $20 million), it has reached an agreement with a Japan-listed firm called Fisco to receive a $44.5 million investment in exchange for a major share of ownership.
The licensed exchange, called Zaif, is operated by the Tech Bureau. It said on Thursday that the exchange first noticed an unusual outflow of funds on the platform around 17:00 Japan time on September 14, after which the company suspended asset deposit and withdrawal services.
Tech Bureau explained that after further investigation, it discovered that hackers with unauthorized access to the exchange's hot wallets had stolen roughly $60 million in bitcoin, bitcoin cash, and MonaCoin. That being said, the exact amount of bitcoin cash stolen remains unknown.
The exchange added that since its own asset reserve is currently around 2.2 billion yen (or $20 million), it has reached an agreement with a Japan-listed firm called Fisco to receive a $44.5 million investment in exchange for a major share of ownership.
Source: https://www.coindesk.com/crypto-exchange-zaif-hacked-in-60-million-6000-bitcoin-theft/
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