Cybercriminals attacked the Japanese cryptocurrency exchange Zaif and withdrew various cryptocurrencies worth several billion Japanese yen. Zaif promises to reimburse all losses to its customers, trading operations are suspended.

The Japanese crypto exchange Zaif became another victim of a hacker attack. Cybercriminals broke the security system of the trading platform and withdrew 5,966 Bitcoins, Bitcoin Cash and MonaCoin for its accounts worth $59.6 million. While 2.2 billion yen of stolen funds belonged to the cryptocurrency exchange itself, other 4.5 billion yen in cryptocurrencies were users' assets.

The attack took place on 14 September, but the operator of the exchange Tech Bureau Inc discovered the disappearance of funds only three days later, on 17 September. After that, Zaif suspended all depositing and withdrawing operations in order to study the causes of the problems. After that, on 18 September, Zaif notified the Financial Services Agency of Japan (FSA) about the incident.

Zaif promised to compensate all losses to its users. To this end, the cryptocurrency exchange takes a loan from Fisco Digital Asset Group worth $44.5 million. In exchange for a loan, Fisco will become the company's main shareholder. Tech Bureau also promised to fire more than half of the current directors and auditors.

In January, Japanese crypto exchange Coincheck were attacked by cybercriminals. They managed to withdraw more than 500 million NEM worth approximately $520 million from the hot wallets of Coincheck.