Bitcoin Resists After Zaif Exchange Hacking
Main page News, Bitcoin, Japan, Cryptocurrency Exchanges, Hacker Attack

Tech Bureau Corp., the operator of a Japanese crypto exchange Zaif, said that after unauthorized cybercriminals accessed the platform virtual currency worth $60 million (6.7 billion yen) was stolen from the service.

The platform was hacked last Friday, September 14. However, experts of Tech Bureau found the problem only on September 17. The next day, according to the representatives of the platform, Tech Bureau learned how much cryptocurrency was stolen during the hacking. Most of the stolen funds ($40 million or 4.5 billion yen) were kept as deposits of site customers. Immediately after discovering the hacking, the crypto exchange suspended all operations on the accounts.


  • Against the backdrop of news about the hacking of Zaif, bitcoin rate initially decreased sharply, as it usually happens in cases of attacks on crypto platforms. The price of the first cryptocurrency for a short period of time first fell to $6,200. Then bitcoin began to grow rapidly. As of now, the currency is already trading at around $6,400.
  • Analysts associate such sharp jumps of the course with several factors at once. Initially, the value of the currency fell due to information about the attack on Zaif. And the reason for the subsequent growth could serve immediately two factors. 5 million market contracts XBTUSD at a price of $6,469.2 were purchased at the BitMEX exchange. Also, contracts for bitcoin-futures on the CBOE stock exchange expired on September 19. Both of these events could become factors of price growth and mitigate the negative impact on the price of bitcoin.

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