Hackers have stolen 6.7 billion yen (USD 60 million) worth of cryptocurrencies from a Japanese digital currency exchange, the operators said Thursday. Tech Bureau Corp. said a server for its Zaif exchange was hacked for two hours last week, and some digital currencies got unlawfully relayed from what's called a "hot wallet," or where virtual coins are stored at such exchanges. The exchange was taken offline until details of the damage could be confirmed, and efforts were underway to get it back working, Tech Bureau said. Japan has been bullish on virtual money and has set up a system requiring exchanges to be licensed to help protect consumers. The system is also meant to make Japan a global leader in the technology. Bitcoin has been a legal form of payment in Japan since April 2017, and a handful of major retailers here already accept bitcoin payments. But the recurrence of cryptocurrency heists shows problems persist. Earlier this year, the Tokyo-based exchange Coincheck reported a
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Friday, September 21, 2018
Friday, September 21, 2018
MZ Digital Marketing Agency
BUSINESS NEWS
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