Japanese Cryptocurrency Exchange Hacked, $59 Million in Losses Reported
Hackers have reportedly stolen $59 million worth of cryptocurrencies from Japanese cryptocurrency exchange Zaif, Cointelegraph Japan reports September 19.
According to a local report, as a result of a security breach on September 14, hackers managed to steal 4.5 billion yen from users hot wallets, as well as 2.2 billion yen from the assets of the company, with total losses amounting to 6.7 billion yen or around $59.7 million.
Tech Bureau Inc, which operated Zaif, stated in press release that the exchange detected a server error on September 17, after which Zaif suspended deposits and withdrawals. On September 18, the exchange realized that the error was a hack, and reported the incident to the Japanese financial regulator, the Financial Services Agency (FSA). Hackers stole 5,966 bitcoins (BTC) in addition to some Bitcoin Cash (BCH) and MonaCoin (MONA).
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I haven’t used Zaif. To be honest, I haven’t even heard about it, though it can be because I’m new to the cryptocurrency world. In general, I think, almost every exchange can be hacked, but I prefer reading information about the one I’m going to use. Also I was lucky to find a list of the most trustworthy cryptocurrency exchanges on https://cryptolinks.com/cryptocurrency-exchange . I’ve been using them for several months already and haven’t faced any issues yet.