Cyber Attack – Billionaire365

Zaif Cryptocurrency Exchange Lost $60 Million BTC, MONA, and BCH During a Recent Cyber Attack

Zaif, a Japanese cryptocurrency exchange, reported on Thursday, September 20th, that it suffered a cyber attack which resulted in the theft of $60 million in Bitcoin (BTC), Monacoin (MONA), and Bitcoin Cash (BCH). The startup reported that the event occurred on September 14th but was noticed on Monday and confirmed on Tuesday.

Of the total amount subtracted, about $19.6 million belong to the cryptocurrency exchange platform, while the rest of the funds were stolen from customers. The Osaka-based company, owned by Tech Bureau Corp, temporarily suspended all deposits and withdrawals until security levels were restored, according to the press release.

Although the investigations are in their initial phase, the company said the cyberattackers diverted the cryptos from the platform’s wallets to their accounts.

Zaif, a Japanese cryptocurrency exchange, lost $60 million in Bitcoin (BTC), Monacoin (MONA), and Bitcoin Cash (BCH) in a cyber attack

“The reason why the amount of damage cannot be determined at this time is that the server is not restarting until security is guaranteed to avoid secondary damage. As soon as the amount of virtual currency lost is determined, we will report it promptly, stated Zaif’s representatives.

The incident was reported by Zaif to the Japanese Financial Services Agency (FSA), as part of its protocol in case of such attacks, to initiate investigations and find the hackers.

In the past, cyber attacks on Japanese cryptocurrency exchange platforms have given a massive blow to the crypto ecosystem in the country. This was also the case in January when $530 million in NEM (XEM) were stolen from Coincheck. The event was considered by Lon Wong, founder of NEM (XEM), as “the biggest robbery in the history of the world.”

Another famous case was that of Mt. Gox Bitcoin (BTC) exchange house in 2014 when the hacker stole 744,000 Bitcoin (BTC) from the users and another 100,000 BTC from the startup itself. The losses summed up to $422 million.

Anna Galvez

Bithumb Cryptocurrency Exchange Was Hacked – Hackers Have Stolen $31 Million In Cryptos

The South Korean Bithumb cryptocurrency exchange platform, one of the most important in the cryptocurrencies market, suffered a hack on its platform on June 19th, through which about $31 million in cryptocurrency was stolen.

The information was provided by the company through its Twitter account, where it announced to the public that due to hacking, all deposit and withdrawal services were suspended to ensure security, adding that the stolen cryptocurrency would be covered by the cryptocurrency exchange platform and the assets transferred to a cold wallet on an offline platform.

Hours after the announcement the next tweet was deleted, for no apparent reason, and they only mentioned not to deposit on their platform while they do security checks and also alerted users of the platform to the change their passwords.

It should be noted that as soon as the hacking announcement was made, the cryptocurrencies market suffered a depreciation, with Bitcoin (BTC) falling over $200 within a few minutes.

Bithumb becomes the second South Korean cryptocurrency exchange platform to be hacked within about two weeks

Bithumb is one of the most important cryptocurrency exchange platforms in South Korea, with the second largest volume in the market.

Among the Bitcoin (BTC) exchange operators in the world, it is ranked 21st, with a daily volume of about $40,500,000 in BTC exchanges and totaling $381,000,000 in other cryptocurrencies exchanges.

Bithumb launched in 2013, and the South Korean media reports that by the end of 2017 the cryptocurrency exchange platforms had reserves of about 6.918 billion dollars.

With this cyber attack, Bithumb cryptocurrency exchange platform becomes the second South Korean crypto coin dealer to fall victim to a hack in less than two weeks. On June 10th, another cryptocurrency exchange platform in that country, Coinrail, also suffered a hacking operation where 30% of its funds were stolen, a fact that is currently under investigation by the Korean Internet and Security Agency (KISA).

Anna Galvez