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Zaif postpones reimbursements for clients subsequent to 60 million USD digital currency theft

Zaif postpones reimbursements for clients subsequent to 60 million USD digital currency theft
Oct 8, 2018 by Rico Wise

In early September, Zaif, a Japanese cryptoexchange, was deprived of 60 million dollars’ worth of digital currencies. In attempts to concentrate on compensating the victims of the theft, Tech Bureau, the operator of the digital currency exchange, has suspended registration process for the newcomers to the exchange.

The clients are reported to have collectively been deprived of approximately 40-60 million US dollars’ worth of BTC, BCH and MONA currencies. Subsequent to an original proposal to disclose the framework of the cryptoexchange in order to reimburse the clientele by the end of September, Tech Bureau emphasized that it needs more time to ensure that the reimbursement strategy is viable.

Cyber criminals have pulled off a theft of digital assets within a two-hour time window, hacking into the hot cryptowallets of Zaif on September 14. It has been reported that the operator of the exchange actually discovered the fact of said cyber attack only 3 days later, further reporting the security breach to the local financial policymaker.

In attempt to calm down those who endured fund losses, the operator has also disclosed the entrance into a so-called basic agreement with Fisco Digital Asset Group, a publicly listed company from Japan. It will obtain the bigger part of Tech Bureau’s shares in return for 44.59 million US dollars’ worth of national Japanese currency, yen. The said money will be allocated to the clients up for reimbursement, although the discussion of the plan is still ongoing.

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