Japanese cryptocurrency exchange Zaif was the victim of a major hack last week, local media sources have reported and the company has now confirmed.
The hack, which occurred on Sept. 14 but was not discovered until Sept. 17, saw the hacker steal various amounts of bitcoin, bitcoin cash, and monacoin from the exchange’s hot wallet, collectively worth 6.7 billion yen (just under $60 million).
— Zaif – 暗号通貨取引所 (@zaifdotjp) September 19, 2018
Zaif is a minor exchange, currently ranked 108th in daily volume, according to CoinMarketCap.
However, the incident could have major implications for the cryptocurrency industry in Japan, as regulators have already tightened their oversight in response to the record-setting Coincheck hack that occurred in January.
This story is developing. Check back for updates…
Follow us on Telegram or subscribe to our newsletter here.
• Join CCN’s crypto community for $9.99 per month, click here.
• Want exclusive analysis and crypto insights from Hacked.com? Click here.
• Open Positions at CCN: Full Time and Part Time Journalists Wanted.