Japan’s FSA Initiates Emergency Checks of Zaif After Hackers’ ‘Visit’

Yuri Molchan
Japanese papers are buzzing that the Financial Service Agency is inspecting the platform following yesterday’s hack. Almost 5,970 BTC were appropriated by the hackers
Japan’s FSA Initiates Emergency Checks of Zaif After Hackers’ ‘Visit’
Cover image via U.Today

Japanese papers are buzzing that the Financial Service Agency, the top local regulator, is inspecting the platform following yesterday’s hack. For the context, almost 5,970 BTC were appropriated by the hackers, that is $60 mln. Two-thirds of this amount was stolen from customers’ vaults.

The FSA urgently made an inspection of Zaif’s office in Osaka on Thursday to make sure the situation fits the description. The FSA also took a deep look at the security system of Zaif.

Besides, the watchdog set off with unplanned inspections of several other local crypto exchanges.

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.