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TexasTowelie

(112,500 posts)
Fri Sep 21, 2018, 05:51 AM Sep 2018

Hackers Steal $59 Million In Cryptocurrency From Japanese Exchange

Last week, hackers stole an estimated $59 million from a Japanese cryptocurrency exchange called Zaif, according to a statement released Thursday by the owners of the exchange.

According to Cointelegraph, the Tech Bureau Corp. said the breach occurred on September 14. The company discovered something was wrong on September 17, and realized it was a hack the following day, September 18.

Zaif lost 5,966 Bitcoins, currently valued at more than $6,000 each, as well as some Monacoin and Bitcoin Cash, the amount of which Tech Bureau is currently investigating, according to the released statement.

Tech Bureau said it will sell a majority of its shares to another financial services corporation in Japan, as reported by CCN. That sale is supposed to provide over $40 million to be used to replace the funds stolen from customers.

Read more: http://www.kanw.com/post/hackers-steal-59-million-cryptocurrency-japanese-exchange

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Hackers Steal $59 Million In Cryptocurrency From Japanese Exchange (Original Post) TexasTowelie Sep 2018 OP
The exchanges are not secure places to store your crypto RandiFan1290 Sep 2018 #1
You remember a couple years ago, when BTC was almost $20,000? jmowreader Sep 2018 #2
That was last December RandiFan1290 Sep 2018 #3

RandiFan1290

(6,256 posts)
1. The exchanges are not secure places to store your crypto
Fri Sep 21, 2018, 05:55 AM
Sep 2018

Best to use a hardware wallet like the Ledger Nano and keep it offline.

jmowreader

(50,567 posts)
2. You remember a couple years ago, when BTC was almost $20,000?
Fri Sep 21, 2018, 06:09 AM
Sep 2018

I think if I was in BTC that would hurt worse than this robbery.

RandiFan1290

(6,256 posts)
3. That was last December
Fri Sep 21, 2018, 06:52 AM
Sep 2018

The exchanges were bogged down and couldn't keep up with demand. They had to stop taking new customers because they couldn't handle the volume.

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