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Japan’s Zaif Struck With Penalties After $60 Mln Theft

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Tue, 25/09/2018 - 13:31
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Japan’s Zaif Struck With Penalties After $60 Mln Theft
Cover image via U.Today
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Today, Japan’s Ministry of Finance struck the licensed cryptocurrency exchange Zaif with ‘administrative penalties,’ as a consequence of last week’s theft.

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The Tech Bureau’s exchange is now obliged to determine the facts and the causes of the hack, formulate and execute measures to prevent another attack and the expansion of damage. Further, it has to respond to the customers in regard to their losses as well as review and implement the effective improvement plans.

This is the second business improvement order received by Tech Bureau in the space of three months.

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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