According to a report by Cointelegraph Japan, the major cryptocurrency exchange Zaif which is operating in Japan recently got hacked. The news is everywhere in the Bitcoin scams category – as hackers have reportedly stolen $59 million worth of cryptocurrencies from the Japanese cryptocurrency exchange.
According to one local report, a security breach that took place on September 14th led to hackers stealing 4.5 billion yen from users’ hot wallets as well as 2.2 billion yen from the assets of the company. The total losses are now amounting to 6.7 billion yen which is roughly $60 million USD.
The company who operated Zaif is named Tech Bureau Inc. According to one official press release, they said that the exchange detected a server error on September 17th, after which they suspended all of the deposits and withdrawals. Later on, the exchange realized that the error was actually a hack – and reported the incident to the Japanese financial regulator, the Financial Services Agency (FSA) of Japan.
The hackers stole 5,966 Bitcoin (BTC) as well as an additional number of Bitcoin Cash (BCH) and MonaCoin (MONA). As Tech Bureau Inc. reported, the firm Fisco Digital Asset Group will help Zaif to cover the lost customer assets by providing 5 billion yen ($44.5 million) and by becoming a majority shareholder in the company.
Meanwhile, Zaif is the 101st largest cryptocurrency exchange in terms of trade volume.
Kraken Acquires UK Futures Provider And Crypto Exchange Crypto Facilities
“We are excited to introduce eligible clients to these industry leading futures and index products. Over the coming months, our teams will continue to enhance and expand these offerings.”The decision comes after crypto exchanges are trying to expand abroad and expand their reach to users and at the same time circumventing the restrictions by the regulatory climate in the United States versus other markets. For example, crypto exchange Bittrex also decided to launch an international branch of its trading platform that will divide the US users so it can be able to offer more tokens to all of the non-US users. This is why both of the companies (Kraken and Crypto Facilities) agreed on the partnership and focus on going forward. According to the press release:
“Crypto Facilities will remain London-based, benefiting from the regulatory oversight of the Financial Conduct Authority, one of the world’s most forward looking and innovation-focused regulators, and reflecting Kraken’s commitment to the UK as the leading financial and cryptocurrency hub in Europe.’’
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Criminals Are Threatening Business Owners In Amsterdam Demanding 50,000 Euros Worth Of Bitcoin
“You probably noticed how many entrepreneurs have had to close their doors recently by order of the municipality. To prevent you from being the next one, you must immediately take action.’’In order to pay the extortion fee, the business owners are instructed to open a new account on two crypto exchanges and them being Coinbase and Coinmama. Next up they have to buy bitcoins on either one of the exchanges and then transfer them to a required address. At least three coffee shops have already received a threat like this in Amsterdam and also a few nightclubs. The criminals even said that the extortion fee will be doubled if the owners don’t make the payment in five days. The email recipients must keep the threat confidential and they are warned for informing the police or any other law enforcement body. If they don’t maintain the confidentiality, the extortion fee will reach a stunning 200,000 euros. However, there is no single business registered to have paid the said amount.
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