Japanese Crypto Exchange Hit by $60m Heist

Japanese Crypto Exchange Hit by $60m Heist

Yet another Japanese cryptocurrency exchange has been targeted by hackers: this time Zaif suffered losses worth 6.7bn yen ($60m) earlier this month.

Virtual currencies including Bitcoin, Monacoin and Bitcoin Cash were stolen from the exchange’s hot wallet, with 4.5bn yen’s worth ($40m) belonging to Zaif customers.

The incident occurred over a two-hour period on September 14, with server issues detected three-days later and the authorities notified shortly after. The firm is withholding precise details of the attack while the authorities investigate.

By Phil Muncaster 

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