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

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

Thu, 20/09/2018 - 8:08

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

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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.

#Cryptocurrency exchange

About the author

Yuri Molchan

Yuri is interested in technology and technical innovations. He has been writing about DLT and crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. He 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.