Hackers stolen cryptocurrencies worth $60 million form Japanese cryptocurrency exchange firm Zaif exchange hot wallet that connected to the internet.
The stolen cryptocurrencies include Bitcoin, Monacoin and Bitcoin Cash, the attackers gained control over Zaif exchange hot wallet for two hours and transferred the funds.
Tech Bureau group who owns Zaif said that bout 2.2 billion yen ($19.6 million) of stolen coins belonged to the exchange and the rest was client money. The company also agreed to pay compensation for the users who lost the assests in the hack attack.
Withdrawls and deposits are halted as Zaif rebuilds the system, and no information on when the services to be restored.
The company signed an agreement with a Fisco Ltd to receive 5 billion yen as an investment to pay compensation and in turn Tech Bureau transferred the majority of ownership.
“Documents seen by Reuters on Thursday showed Japan’s Financial Services Agency would conduct emergency checks on cryptocurrency exchange operators’ management of customer assets, following the theft.”
This is the second attack targeting Japanese crypto exchange, starting this year Tokyo-based Cryptocurrency Exchange Coincheck Hacked and the attackers stole more than $500 Million Worth NEM cryptocurrency which is one of the Biggest hacking in the Cryptocurrency history.
Cyber Criminals Stolen $18 Million From Bitcoin Gold Network Using Double Spend Attack
WinstarNssmMiner – A Brutal Computer Crypto-Hijacker Attack Victims over 500,000 Times in 3 days
Ubuntu Snap Store Apps Contains Hidden Cryptocurrency Miner Malware
Android Gamers Beware of Fake Fortnite Game that Contains Spyware and Cryptocurrency Miner
Attackers abused compromised ConnectWise Cloud Backup credentials to access Microsoft 365 customer environments, prompting ConnectWise…
Anthropic says an internal Claude research model reconstructed how the National Security Agency generated seeds…
Two WordPress Core vulnerabilities can be chained to execute remote code without authentication, according to…
A newly disclosed OpenBSD kernel exploitation chain combines a shared memory accounting flaw with a…
GhostAction attackers have expanded their GitHub credential theft campaign with a second stage that disguises…
Indian authorities have warned that SideCopy hackers are targeting Indian organizations, including academic institutions, with…