Japanese cryptocurrency exchange hacked for ~$60M
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Hackers stole approximately $59.7M worth of bitcoin (BTC), bitcoin cash (BCH), and MonaCoin (MONA) from Zaif, a licensed Japanese cryptocurrency exchange. To cover the losses of its customers, Zaif will receive a $44.5M investment from Fisco Digital Asset Group. Fisco Digital Asset Group will also become a majority share owner of Zaif in return for its investment. (Source: Cointelegraph)
AUTHOR
Steven Zheng is a researcher for The Block. He joined The Block in August 2018. Steven graduated from St. John’s University with a degree in economics. Previously, he covered blockchain and crypto at Radicle, a startup analytics firm. He also had brief stints at Cheddar, a media startup, and Bowery Capital, a venture capital firm. He owns bitcoin. Follow Steven on Twitter at: @Dogetoshi
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