• About
  • FAQ
Tuesday, February 19, 2019
EtherDesk
Advertisement
  • Home
  • Crypto Calculator
    • Mining Calculator
      • Bitcoin Mining Calculator
      • BitcoinGold Mining Calculator
      • Ethereum Mining Calculator
      • EthereumClassic Mining Calculator
      • Dash Mining Calculator
      • Dogecoin Mining Calculator
      • Litecoin Mining Calculator
      • Monero Mining Calculator
      • Siacoin Mining Calculator
      • Zcash Mining Calculator
    • Cryptocurrency Convertor
  • Market Tools
    • Crypto Market Cap
    • Crypto Market Exchange Rates
  • Advertise
    • Submit Press Release
    • Advertise
    • Bitcoin-Event
    • Sponsored-Story
  • Regulation
    Texas SSB Issued 16 Orders Against Illicit Crypto Investments In 2018.

    Texas ‘SSB’ Issued 16 Orders Against Illicit Crypto Investments In 2018.

    Two U.S. Investments Firms To Collectively Launch An ETF.

    Two U.S. Investments Firms To Collectively Launch An ETF.

    Constituent Decree On Integral System Of Crypto Assets - Venezuela’s New Bill.

    Constituent Decree On Integral System Of Crypto Assets – Venezuela’s New Bill.

    Wyoming Passes Bill To Allow Crypto's To Be Recognized As Cash.

    Wyoming Passes Bill To Allow Crypto’s To Be Recognized As Cash.

    B2C2 OTC Ltd Received Approval From Financial Regulator FCA In UK.

    ‘B2C2 OTC Ltd’ Received Approval From Financial Regulator ‘FCA’ In UK.

    CBOE Re-Applies With SEC For A Rule Change To List A Bitcoin ETF.

    CBOE Re-Applies With SEC For A Rule Change To List A Bitcoin ETF.

  • Market Analysis
    Microsoft Removed '8 Apps' From Its Store Infected With Monero Mining Malware.

    Microsoft Removed ‘8 Apps’ From Its Store Infected With Monero Mining Malware.

    Ethereum [ETH] Mined Is At Its Lowest Rate's Ever - Report.

    Ethereum [ETH] Mined Is At Its Lowest Rate’s Ever – Report.

    Bitcoin ETF Expected To Arrive Soon - Ric Edelman.

    Bitcoin ETF [Exchange-Traded Fund] Expected To Arrive Soon – Ric Edelman.

    Bitcoin [BTC] Transactional Fees Are At New Lows - Report.

    Bitcoin [BTC] Transactional Fees Are At New Low’s – Report.

    Cryptopia Hack

    About $3.2 Mln Stolen Crypto’s In Cryptopia Hack Liquidated.

    Positive Impacts Of Blockchain And DLT - Report.

    Positive Impacts Of Blockchain And DLT – Report.

  • Contact Us
No Result
View All Result
  • Home
  • Crypto Calculator
    • Mining Calculator
      • Bitcoin Mining Calculator
      • BitcoinGold Mining Calculator
      • Ethereum Mining Calculator
      • EthereumClassic Mining Calculator
      • Dash Mining Calculator
      • Dogecoin Mining Calculator
      • Litecoin Mining Calculator
      • Monero Mining Calculator
      • Siacoin Mining Calculator
      • Zcash Mining Calculator
    • Cryptocurrency Convertor
  • Market Tools
    • Crypto Market Cap
    • Crypto Market Exchange Rates
  • Advertise
    • Submit Press Release
    • Advertise
    • Bitcoin-Event
    • Sponsored-Story
  • Regulation
    Texas SSB Issued 16 Orders Against Illicit Crypto Investments In 2018.

    Texas ‘SSB’ Issued 16 Orders Against Illicit Crypto Investments In 2018.

    Two U.S. Investments Firms To Collectively Launch An ETF.

    Two U.S. Investments Firms To Collectively Launch An ETF.

    Constituent Decree On Integral System Of Crypto Assets - Venezuela’s New Bill.

    Constituent Decree On Integral System Of Crypto Assets – Venezuela’s New Bill.

    Wyoming Passes Bill To Allow Crypto's To Be Recognized As Cash.

    Wyoming Passes Bill To Allow Crypto’s To Be Recognized As Cash.

    B2C2 OTC Ltd Received Approval From Financial Regulator FCA In UK.

    ‘B2C2 OTC Ltd’ Received Approval From Financial Regulator ‘FCA’ In UK.

    CBOE Re-Applies With SEC For A Rule Change To List A Bitcoin ETF.

    CBOE Re-Applies With SEC For A Rule Change To List A Bitcoin ETF.

  • Market Analysis
    Microsoft Removed '8 Apps' From Its Store Infected With Monero Mining Malware.

    Microsoft Removed ‘8 Apps’ From Its Store Infected With Monero Mining Malware.

    Ethereum [ETH] Mined Is At Its Lowest Rate's Ever - Report.

    Ethereum [ETH] Mined Is At Its Lowest Rate’s Ever – Report.

    Bitcoin ETF Expected To Arrive Soon - Ric Edelman.

    Bitcoin ETF [Exchange-Traded Fund] Expected To Arrive Soon – Ric Edelman.

    Bitcoin [BTC] Transactional Fees Are At New Lows - Report.

    Bitcoin [BTC] Transactional Fees Are At New Low’s – Report.

    Cryptopia Hack

    About $3.2 Mln Stolen Crypto’s In Cryptopia Hack Liquidated.

    Positive Impacts Of Blockchain And DLT - Report.

    Positive Impacts Of Blockchain And DLT – Report.

  • Contact Us
No Result
View All Result
EtherDesk
No Result
View All Result
Home Top Stories

Affect Of The Recent Zaif Exchange Hack On the Japanese Market.

Local publications along with Japan Times all reported that around 6.7 Bln yen was stolen by anonymous cluster of hackers, 2.2 Bln yen from company funds while 4.5 Bln yen from user funds were lost.

Selina Mathew by Selina Mathew
September 21, 2018
in Business, Market Analysis
0
Affect Of The Recent Zaif Exchange Hack On the Japanese Market.
194
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

As per a recent report by EtherDesk earlier, Zaif – one of the most popular digital exchange in Japan, was hacked this week, losing nearly $60 Mln in user funds due to a security breach.

Local publications along with Japan Times all reported that around 6.7 Bln yen was stolen by the anonymous  cluster of hackers, 2.2 Bln yen from company funds while 4.5 Bln yen from user funds were lost.

Related articles

Bitmain' IPO Suffered Losses Of Over $500 Mln In Q3 Last Year.

Bitmain’ IPO Suffered Losses Of Over $500 Mln In Q3 Last Year.

February 19, 2019
Using RippleNet For Cross-Border Payments In India.

Using RippleNet For Cross-Border Payments In India.

February 19, 2019

Tech Bureau, the corporate behind Zaif, told its customers that each one of the investors affected by the hacking would be reimbursed in digital currencies, to cover their losses. As of this attack, Zaif reached a deed with the Tokyo-based financial markets analysis firm Fisco, that gave the corporate 5 Bln yen reciprocally for majority stake within the exchange.

Earlier in April last year, the Japan’s Financial Services Agency [FSA] enforced strict policies to regulate crypto exchanges in the country. As a view of its bigger initiative, FSA created a national licensing program that required crypto trading platforms to file a license to work within the country.

Recently, the FSA expressed that it’s determined to expand its crypto team handle an outsized quantity of applications that are expected to be filed by the tip of 2018. More than hundred firms filed their application requests for getting licenses to work as regulated digital asset exchanges within the country.

Subsequent to the $500 Mln security breach of Coincheck, that was triggered because of the poor security systems employed by the exchange, the govt. of Japan strong rules overseeing digital asset trading platforms. The breach of Zaif is anticipated to guide the govt. to implement stricter policies concerning security and internal management systems.

While the govt. of South Korea abstained from recognizing crypto and blockchain as a legit sector, the occurences of status hacking attacks left investors requiring investor protection, that the govt. coud’nt refuse to any more further.

The $60 Mln hacking attack of Zaif would be leading the Japanese Govt. to join forces additional actively with exchanges, leading government agencies to be concerned within the security and internal management systems of exchanges to make sure that the user funds stay safe.

In South Korea, the govt. is considering the imposition of a policy that would need the exchanges by law to get insurance in order that exchanges don’t require external capital, same as the case of Zaif, to cover investor funds.

The FSA has expressed before the Zaif hack that it’ll add a dozen more officers onto the crypto department of the agency. With around more than a hundred companies waiting on the roster to file applications with the FSA, the agency can possibly revise necessities for firms referring to security.

Tags: #Fisco#FSA#Japanese Crypto Market#Security Breach#Zaif Hack
Share79Tweet48

Related Posts

Bitmain' IPO Suffered Losses Of Over $500 Mln In Q3 Last Year.

Bitmain’ IPO Suffered Losses Of Over $500 Mln In Q3 Last Year.

by Eddy Morgan
February 19, 2019
0

In line with a recent official document cited, renowned bitcoin mining giant ‘Bitmain’ may have made losses of over $500 Mln in Q3...

Using RippleNet For Cross-Border Payments In India.

Using RippleNet For Cross-Border Payments In India.

by Big Bob
February 19, 2019
0

In line with a recent official 'tweet' by the managing director of South Asia and MENA at Ripple named ‘Navin...

Bitcoin [BTC] Price Prediction - Universal Widespread Expansion In 5 Yrs.

Bitcoin [BTC] Price Prediction – Universal Widespread Expansion In 5 Yrs.

by Selina Mathew
February 19, 2019
0

In line with a recent interview with American financial news channel ‘Fox business', billionaire capitalist and renowned Bitcoin bull...

Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
This Time It's The Police Official's That Have Been Arrested In The Giant MLM Ponzi Scheme From INDIA.

This Time It’s The Police Official’s That Have Been Arrested In The Giant MLM Ponzi Scheme From INDIA.

August 20, 2018
EtherDesk

Crypto Exchange ‘Bithumb’ Expands To Japan And Thailand.

July 21, 2018
EtherDesk

Satoshi’s Vision 2018 Conference Report: Bolstering The Future Of Adoption.

July 21, 2018
Verge [XVG] Coin Price Hike Expected, In Its Partnership With NetCents.

Verge [XVG] Coin Price Hike Expected, In Its Partnership With NetCents.

October 31, 2018
Bitmain' IPO Suffered Losses Of Over $500 Mln In Q3 Last Year.

Bitmain’ IPO Suffered Losses Of Over $500 Mln In Q3 Last Year.

0
Republic Protocol To Give Crypto Investors Dark Trading Pool.

Republic Protocol To Give Crypto Investors Dark Trading Pool.

0
Coinbase, Bitfinex Adopt New SegWit Protocol For Bitcoin.

Coinbase, Bitfinex Adopt New SegWit Protocol For Bitcoin.

0
Warren Buffett Again Cautions On BitCoins.

Warren Buffett Again Cautions On BitCoins.

0
Bitmain' IPO Suffered Losses Of Over $500 Mln In Q3 Last Year.

Bitmain’ IPO Suffered Losses Of Over $500 Mln In Q3 Last Year.

February 19, 2019
Using RippleNet For Cross-Border Payments In India.

Using RippleNet For Cross-Border Payments In India.

February 19, 2019
Bitcoin [BTC] Price Prediction - Universal Widespread Expansion In 5 Yrs.

Bitcoin [BTC] Price Prediction – Universal Widespread Expansion In 5 Yrs.

February 19, 2019
Alleged Mining Scam Case Filed Against 'CryptoMining.Farm'.

Alleged Mining Scam Case Filed Against ‘CryptoMining.Farm’.

February 19, 2019

Newsletter

News Categories

  • Top Stories
  • Bitcoin News
  • Blockchain
  • Ethereum
  • Ripple News
  • Legal
  • Regulation
  • Law and Legislation

Market Price Index

  • Bitcoin Price
  • Ethereum Price
  • Bitcoin Cash Price
  • Ripple Price
  • Litecoin Price
  • Doge Price
  • Live Exchange Market
  • Live Marketcap

Services

  • Blockchain
  • Jobs(Coming Soon)
  • Latest News
  • Market Analysis
  • Cryptocurrency Convertor
  • Ethereum Mining Calculator
  • EtherDesk Weekly Overview
  • e-Store (Coming Soon)

About Us

  • Events List
  • Advertise
  • Sponsored-Story
  • Bitcoin-Event
  • Submit Press Release
  • Contact Us
  • Donate For Research
  • About
  • FAQ
  • Crypto Market Cap
  • Crypto Market Exchange Rates
  • Cryptocurrency Convertor
  • Privacy Policy
  • Terms
  • Contact Us

© 2018 Etherdesk.com

No Result
View All Result
  • Home
  • Crypto Calculator
    • Mining Calculator
      • Bitcoin Mining Calculator
      • BitcoinGold Mining Calculator
      • Ethereum Mining Calculator
      • EthereumClassic Mining Calculator
      • Dash Mining Calculator
      • Dogecoin Mining Calculator
      • Litecoin Mining Calculator
      • Monero Mining Calculator
      • Siacoin Mining Calculator
      • Zcash Mining Calculator
    • Cryptocurrency Convertor
  • Market Tools
    • Crypto Market Cap
    • Crypto Market Exchange Rates
  • Advertise
    • Submit Press Release
    • Advertise
    • Bitcoin-Event
    • Sponsored-Story
  • Regulation
  • Market Analysis
  • Contact Us

© 2018 Etherdesk.com etherdesk.com.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • bitcoinBitcoin (BTC) $ 3,958.18
  • ethereumEthereum (ETH) $ 147.02
  • rippleXRP (XRP) $ 0.335779
  • eosEOS (EOS) $ 3.61
  • litecoinLitecoin (LTC) $ 48.12
  • bitcoin-cashBitcoin Cash (BCH) $ 146.08
  • tetherTether (USDT) $ 0.996406
  • stellarStellar (XLM) $ 0.090648
  • tronTRON (TRX) $ 0.025433
  • cardanoCardano (ADA) $ 0.047218