In line with a recent announcement published, Tech Bureau, the firm that earlier operated hacked Japanese crypto exchange ‘Zaif,’ has completed its transfer to the purchaser Fisco Cryptocurrency Exchange [FCCE].
FCCE,thatto takeover proceedings earlier inOct.,cannowassume responsibility for compensating userswholost their money in the earlier hack,thatoccurred on 20th Sept., andinvolvedfundsvalue around more than $60 Mln at the time.
In line with the official press releasefrom FCCE, compensation proceedingsought tobegin before this month ends.
However no exact timeframe hasstillbeen set for the deposits and withdrawals at Zaif to resume.
Confirming the move,the TechBureaustatedthat it plans to dissolve its entity and retire from the cryptocurrencybusiness.
Adding further, the company said:
“Wecanget rid ofthe registration of our virtual currency exchange andcommit todissolve.”
The hack occurred asbothauthoritiesalong with theJapan’s new self-regulatory cryptoclusterare beefing up applicationneedsfor the country’s new cryptocurrency exchange licensingecosystem.
Even earlier in January, fellow exchange Coincheck lost around $534 Mln inone amongstthe majorexchange hacks in history,afterwardseeing aacquisitionand turnaround byon-linebroker Monex.
Last week, Coincheck finally began resuming deposits and withdrawals of NEM [XEM],one amongstthe coinsprone to the hack.