Thursday, September 20, 2018

Mona Coin...

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Tech Bureau Corp. said a server for its Zaif exchange was hacked for two hours, and some digital currencies got unlawfully relayed from what's called a "hot wallet," or where virtual coins are stored at such exchanges.  The exchange was taken offline.

Japan has been bullish on virtual money and has set up a system requiring exchanges to be licensed to help protect consumers. The system is also meant to make Japan a global leader in the technology.  

Earlier this year, the Tokyo-based exchange Coincheck reported a 58 billion yen ($547) 
The cryptocurrencies stolen in last week's hack included Bitcoin and Monacoin. Of the stolen money, 2.2 billion yen ($20 million) belonged to the company, and the rest were customers' assets, according to Tech Bureau.

Earlier this year, a glitch at Zaif allowed some people to buy cryptocurrencies for zero yen.  

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