Yet again hackers are in the center of attention in the latest cryptocurrency news where the Japanese crypto exchange was hacked and hackers managed to take $59 million worth of crypto.
It’s interesting that the actual security breach happened 6 days ago, on September 14th when hackers reportedly stole about 4.5 billion yen from users’ wallets and also 2.2 billion yen in company assets. The total losses come up to 6.7 billion yen or as we said, $59.7 million. In a press release, Tech Bureau that operates the exchange Zaif stated that the exchange did detect an error on the server on September 17 and Zaif quickly suspended all deposits and withdrawals. The very next day, the exchange came up to a conclusion that the error was actually a hack and hurried to report the breach to the Japanese financial regulator.
The Financial Services Agency determined that the hackers stole 5,966 bitcoins and also some Bitcoin Cash. They didn’t stop there and took what’s left of MonaCoin. Zaif is now cooperating with Fisco Digital Asset Group in order to cover all the lost assets by providing 5 billion yen. Tech Bureau also agreed to dismiss half of the company’s directors and let Fisco be the main stakeholder in the company.
According to CoinMarketCap, Zaif is the 101st crypto exchange in terms of trading volume. Just as the exchange started working fine, earlier this year there was a system glitch that allowed all the users to acquire trillions of dollar worth of bitcoin for free. This incident, followed by the latest one, could potentially have major implications for this company in Japan since regulations are tightening up the belt and request for even stricter rules.
U.S. Government Confirms The Existence Of Bomb Threat Emails Demanding Bitcoin From Organizations
“The emails claim that a device will detonate unless a ransom in bitcoin is paid,” the NCCIC said.So far, there have been several reports stating that the scammers are demanding hefty sums paid in Bitcoin with the subject line "I advise you not to call the police." The emails, on the other hand, included the following in their body:
“My man carried a bomb (Hexogen) into the building where your company is located. … I can withdraw my mercenary if you pay. You pay me 20.000 $ in Bitcoin and the bomb will not explode, but don’t try to cheat – I warrant you that I will withdraw my mercenary only after 3 confirmations in blockchain network.”The NCCIC advised citizens that if they receive one of the bomb threat emails, they should not try to contact the sender or pay the ransom. Furthermore, the agency also asked people to report emails to the FBI's Internet Crime Complaint Center or to a local FBI field office. The mayor of Washington DC, Muriel Bowser, has also released an official statement confirming that she has been briefed by the Metropolitan Police Department (MPD). As she said:
“Each of the threats was received via email, requesting bitcoin ransom, but we have no knowledge that anyone has complied with the transaction demands. MPD is investigating these threats with our federal law enforcement partners. This is an issue being reported in other cities nationwide and is not considered credible at this time. If you receive a threat or observe suspicious activity, please call 911.”
Former Mt. Gox CEO Mark Karpeles Could Face 10 Years In Prison
“I never imagined things would end this way and I am forever sorry for everything that’s taken place and all the effect it had on everyone involved.”Mt. Gox filed for liquidation in April 2014 after claiming to have been hacked for around 850,000 Bitcoin, some of which was later found.
End Of Year Analysis: $930 Million Dollars Worth Of Cryptocurrency Stolen In 2018
Bitcoin Scams: Singapore Investors Lost $78,000 In 3 Months
Join us on Facebook
- Telecom Giant AT&T Interested In A Blockchain-Based Social Media ‘Mapping’ System
- Binance Labs Introduces Us To The ‘First Batch’ Of (Final) Blockchain Projects
- Coinbase Adds PayPal Withdrawals To Its Platform (For U.S. Citizens)
- Bitcoin Plunges To A Yearly Low, Market Is ‘Prepared’ To Go Below $100 Billion
- TRON’s DApp Usage Jumps 48% To +1 Million Transactions Last Week
UPCOMING EVENTS RECOMMEND BY DC FORECASTS
Blockchain News5 days ago
Calgary Becomes The First Canadian City To Launch Local Digital Currency
Blockchain Archive4 days ago
You Can Pay With BTC In These Companies (Updated)
Bitcoin News5 days ago
Square Just Overtook Coinbase, Becoming The #1 Bitcoin Buying App
Blockchain News4 days ago
HTC Puts Brave As A Default Browser On Its Blockchain Smartphone
Ethereum News4 days ago
The Coinbase Effect: 3 Of 4 Ethereum Tokens Rally Against BTC On Their Day Of Listing
Analysis5 days ago
The Recovery Weakens, Bitcoin Drops By 4.5 Percent
Blockchain News2 days ago
CEO Of Overstock Expects A Blockchain Products Market In 2019
Blockchain Archive5 days ago
Best Bitcoin Casinos For 2019