Hackers Pick on Japanese Exchange Zaif, Stealing $59 Mln in Crypto

News
Thu, 09/20/2018 - 08:08
Yuri Molchan
Hackers stole a lot of various coins from the Japanese Zaif exchange wallets– Bitcoin, its hard fork coin Bitcoin Cash and MonaCoin. Losses amount to around $59 mln
Cover image via U.Today

On Sept. 14, hackers stole a lot of various coins from the Japanese Zaif exchange wallets– Bitcoin, its hard fork coin Bitcoin Cash and MonaCoin. Losses amount to around $59 mln. The hacker attack has not been identified until now.

Most of the funds were stolen from users’ hot wallets, the smaller amount was assets of the exchange. On Sept. 17, the exchange’s technical team spotted an error, only later realizing that this was a hack.

Zaif is a small-scale company, that takes 101st place in daily trading volume.

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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, can be contacted at yuri.molchan@u.today.

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