Cybersecurity

Hackers Steal $60 Million From Japanese Crypto Exchange Zaif

Exchange halts withdrawals and deposits, pledges compensation
Latest episode to hit Japan exchange after Coincheck, Mt. Gox

Inside The DMM Mining Farm As Japan Unveils Guidelines For Allowing Initial Coin Offerings — Photographer: Tomohiro Ohsumi/Bloomberg

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By Gearoid Reidy and Sophie Jackman

September 19, 2018 at 11:26 PM UTC

Updated on

September 20, 2018 at 3:32 AM UTC

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Hackers stole $60 million of digital coins from a Japanese exchange, the latest in a string of thefts that have kept many institutional investors wary of putting their money in cryptocurrencies.

The theft of Bitcoin, Monacoin and Bitcoin Cash from Zaif, an exchange owned by Osaka-based Tech Bureau Corp., occurred last week and was disclosed by Tech Bureau in a statement on Thursday. About 2.2 billion yen ($19.6 million) of stolen coins belonged to the exchange and the rest was client money.