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, that to take over proceedings earlier in Oct., can now assume responsibility for compensating users who lost their money in the earlier hack, that occurred on 20th Sept., and involved funds value around more than $60 Mln at the time.
In line with the official press release from FCCE, compensation proceedings ought to begin before this month ends.
However no exact timeframe has still been set for the deposits and withdrawals at Zaif to resume.
Confirming the move, the Tech Bureau stated that it plans to dissolve its entity and retire from the cryptocurrency business.
Adding further, the company said:
“We can get rid of the registration of our virtual currency exchange and commit to dissolve.”
The hack occurred as both authorities along with the Japan’s new self-regulatory crypto cluster are beefing up application needs for the country’s new cryptocurrency exchange licensing ecosystem.
Even earlier in January, fellow exchange Coincheck lost around $534 Mln in one amongst the major exchange hacks in history, afterward seeing a acquisition and turnaround by on-line broker Monex.
Last week, Coincheck finally began resuming deposits and withdrawals of NEM [XEM], one amongst the coins prone to the hack.