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

  • 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

Cover image via U.Today

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.

About the author

Yuri is a 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. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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