Japanese bitcoin exchange is robbed of $60 million worth of cryptocurrency

Japanese cryptocurrency exchange Zaif has been robbed of $60 million worth of digital coins, its parent company Tech Bureau announced today, according to Reuters.

Zaif was hacked on September 14th during a two-hour time frame. Three days later, it uncovered server problems and began to investigate. By September 18th, it confirmed it was hacked and notified authorities.

Cryptocurrencies including bitcoin, monacoin, and bitcoin cash were stolen from the exchange’s online wallet, where hackers were able to gain access to through the internet. Of the $59.67 million stolen (6.7 billion yen), almost $20 million (2.2 billion yen) belonged to parent company Tech Bureau, while $40 million (4.5 billion yen) belonged to clients of the exchange. Tech Bureau is working on gaining an investment to pay back its affected customers, but the deal is still pending.

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