Zaif, a Japanese cryptocurrency exchange, which suffered a hack of 6.7 billion Japanese yen (around $59.8m) in September, announced that the company will be transferred from Tech Bureau to Fisco Digital Asset Group. (FDAG) The transfer will take effect on April 22.
Cointelegraph Japan reported that the exchange will resume normal activity on April 20. April 23. April 23.
FDAG provided financial support to Tech Bureau of 5 billion yen (over 44.6 million dollars) as part of the user-compensation plan. It also acquired the majority of shares. According to reports, the exchange was sold as part of the compensation plan for users who lost Monacoin during the hack.
The 40% compensation will be paid in fiat currency, and 60% in crypto. The rate will be 144.548 Japanese yen ($1.28)/MONA. It will be available for withdrawal starting April 23.
Mid-March saw a Japanese prosecutor refer an 18-year old hacker to Japanese prosecutors. He was accused of stealing cryptocurrency by allegedly breaching Monappy (a digital wallet that can be installed on a phone) and then stealing 15,000,000 yen (over $134,000).
