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

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

Fri, 21/09/2018 - 8:40

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

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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.

#Cryptocurrency exchange

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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.