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Hacked Exchange Zaif to Reimburse Customer Losses of $60 Mln in Crypto

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Thu, 09/20/2018 - 16:13
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Yuri Molchan
Tech Bureau, the operator for the Zaif exchange, admitted the fact that a hack indeed took place but was identified as a successful malicious attack only a few days ago
Hacked Exchange Zaif to Reimburse Customer Losses of $60 Mln in Crypto
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As U.Today reported this morning, Tech Bureau, the company operator for the Zaif exchange, admitted the fact that a hack indeed took place but has been identified as a successful malicious attack only a few days ago. The overall loss to hackers is gauged at $60 mln in crypto.

The management of the exchange has come up with a quick idea to solve the problem and reimburse its users. Tech Bureau has begun selling a large part of its shares to a big financial operator in Japan. The company gets the controlling stock in exchange for around $44.60 mln. This will be the money to reimburse the client losses from Zaif.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.