FSA Launches Investigation into $60 Million Zaif Hack

[kreslik.news]

Responding to yesterday’s $60 million hack of cryptocurrency exchange Zaif, Japan’s Financial Services Agency (FSA) released a statement this Friday saying it is investigating security procedures at the exchange.

According to a report by Japanese outlet Mainichi Shimbun, the FSA has already started examining the user protection systems put in place by Tech Bureau – Zaif’s parent company.

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Astonishingly, Zaif has already been issued with two administrative warnings by the FSA. Having almost certainly failed to heed both of those warnings, Zaif is likely to be issued with another one.

Japanese authorities ... (read more)