Japanese financial regulator again tightens control over the home market cryptocurrencies in the background hacking cryptocurrency exchange Zaif, which lost $ 60 million last week.
The Treasury Department today imposed “administrative sanctions” on licensed exchange operator Zaif, Tech Bureau, expanding measures taken against it last week..
In particular, the company must find out the facts and causes of the incident, as well as formulate and implement measures to prevent a similar situation from recurring in the future. Moreover, now its task is to find the organizers of the attack..
Also, the company must report to their clients and provide them with a complete picture of the damage caused. This is the second order to improve the Tech Bureau’s working methods in the past 3 months..
The company reported the loss of a large amount of Bitcoin, Bitcoin Cash and MonaCoin from the exchange’s hot wallets only last week, although the incident itself occurred on September 14, but remained unnoticed for several days..
After the hack, the Tech Bureau decided to transfer most of its shares to a public company, which agreed to provide more than $ 40 million in damages. The exchange operator must also report to the local financial regulators as soon as possible on the results of the investigation and the measures taken in accordance with the order of the Financial Services Agency, which was issued back in June.
At the beginning of the year, another Japanese exchange, Coincheck, was hacked. Then, cryptocurrency assets worth about $ 530 million were withdrawn from her wallets.According to a statement from the local police department, the number of complaints about the theft of cryptocurrencies tripled in the first half of 2018. Also recently it became known that the approval of applications for the launch of their own cryptocurrency exchanges over 160 companies are expected in Japan.
- The United States removed Russian bitcoin addresses from the sanctions list and added addresses to the DPRK The Foreign Assets Control (OFAC) of the US Treasury Department included 20 new bitcoin addresses in the list of data on persons under sanctions. At the same time, several addresses attributed to Russian companies were excluded from it..
- Coinbase Will Consider Listing Ampleforth, Balancer, WBTC And 16 Other Crypto-Assets.
- KuCoin has identified suspects in the theft of $ 275 million.They may be exchange employees KuCoin cryptocurrency exchange made significant progress in its investigation of the hacking of its wallets last week.