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The Japanese cryptocurrency exchange Zaif, which was hacked for about $ 60 million last year, is under a new direction.
The stock market announced Friday on its website that, as of Monday, April 22, the company has sold its business to the Japanese investment company Fisco, listed on the stock market, and that all activities will be restored Tuesday.
The proposed buyout was first released in October 2018 and provides for the transfer of the exchange from its former owner, Tech Bureau, to an existing cryptography system owned by Fisco. Friday's article indicates that the operation cost Fisco 5 billion Japanese yen ($ 44.675 million).
In September 2018, Zaif lost about 7 billion yen ($ 62.5 million) in Bitcoin Cryptocurrency (BTC), Monacoin (MONA), and Bitcoin Cash (BCH).
Since then, Zaif said Friday, registration of new members has been suspended, while MONA trade, deposits and withdrawals have been pending since Oct. 10, 2018. Starting tomorrow, these services will be reinstated .
As previously announced, the exchange has now paid back users who have lost assets in the offense. The firm explained that the holders of BTC and BCH were reimbursed in their original cryptocurrency, but due to liquidity issues related to the token, the MONA holders received about 60% of the crypto and the remainder in Japanese yen against compensation of 144,548 yen per year. MONA.
As reported last November, cybersecurity experts from Japan Digital Design, a subsidiary of Mitsubishi UFJ Financial Group (MUFG), working with other security companies, said they discovered potentially revealing information about Zaif's attacks.
After investigating the stock market's monacoin exit shortly after hacking, Japan Digital Design said it was able to identify the "source" of the attackers. Although the details of the findings were not disclosed, the team stated that they shared this information with the authorities.
Bitcoin and Japanese yen image via Shutterstock
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