Hackers stole an estimated $59 million from a Japanese cryptocurrency exchange called Zaif, according to a statement released Thursday October 4, 2018.
Tech Bureau Corp. said the breach occurred on September 14, 2018. The company discovered something was wrong on September 17, 2018 and realized it was a hack the following day, September 18, 2018
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.
Cryptocurrency exchanges are similar to a stock exchange or currency exchange that might be found at a bank or airport, except that users are trading decentralized digital currencies.