According to a recent report by a local source, due to a security bug on Sept. 14 this year, web hackers were able to hack around $4.5 Bln Yen from users digital wallets, along with $2.2 Bln Yen from the assets of the exchange holdings, with total losses accounting to around 6.7 Bln Yen [$59.6 Mln].
Tech BureauIncorporation,thatoperated Zaif,revealedin an official press release that the exchange detected a server error on 17th Sept.,there afterwhich the exchange suspended all of its deposits and withdrawals. On 18th Sept., the exchangeconcludedthat the error was indeed a hack, andreportedthe incident tothe localfinancialregulators, theFinancial Services Agency [FSA]. Hackerswere able to lay their hand on around 5,966 bitcoins [BTC]additionallyalong with some Bitcoin Cash [BCH] and MonaCoin [MONA].
Adding furtherTechBureau Incorporation mentioned that the firm Fisco DigitalAssetgroupwould be supporting Zaif in itslosses by providingfivebillion yen ($44.5 Mln).TechBureausignedANagreement with Fisco to dismissmore than half of itsadministratorsandauditorsadditionallyto Fiscoturning intoa majorityinvestorwithin thecompany.
Zaif exchangeisone among thelargest digital currency exchange in terms of trade volume operating globally.
Earlier this year, Zaif admitted to a “system glitch” that allowed users toquicklyacquire trillions ofdollarsof Bitcoin [BTC]without chargeinFebruary.Sixteencustomers were accidentallyable to“trade” yen for digital currencies at a rate ofzeroyen per coin.