Piracy of a Japanese exchange: theft of $ 60 million

in #bitcoin6 years ago

Piracy of a Japanese exchange: theft of $ 60 million

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A Japanese exchange - Zaif - experienced an attack on the blows of 2:30 local time. That's $ 59 million in cryptocurrencies that were stolen. It would be a flaw on the side of the exchange, and the attackers fare with almost 6,000 BTC, for a total equivalent to 6.7 billion yen. (approximately $ 59.7 million)

Zaif is a Japan-based exchange with daily trading volumes of around $ 70 million. Far from being a headliner, it is still a fairly popular platform. This platform belongs to the company Tech Bureau - already much more famous - a company focused on cryptocurrencies and blockchains, based in Osaka.

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On September 17th, the platform's teams realized what they were mistaking for their server. At that time, Zaif was suspending withdrawals and deposits. The next day, the exchange realizes that this is a hack, and reports immediately the case to the FSA, alas, too late. The hackers managed to penetrate the servers of the exchange, and managed to lighten the latter by 2.2 billion yen, while using the wallets users, to the tune of 45.5 billion yen. For now, the situation is blurry on the way we had the hackers to lead the attack, Tech Bureau having refused to comment.

"We refuse to comment on how this illegal access took place, since it is a crime and we have already asked the authorities to investigate. »Tech Office, statement acquired by CBSnews

However, the company said Fisco Digital Asset Group will help Zaif cover these losses by providing 5 billion yen (about $ 44.5 million) to repay the injured customers. In exchange, Tech Bureau and Fisco reportedly reached an agreement to return half of the directors and auditors of the exchange, while making Fisco a majority shareholder in the company.

It remains to be seen how the authorities will react to this flaw for the least serious. We know that since the affair Coincheck, the FSA seems a bit irritable, and this kind of incident is not likely to bring him serenity!

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