$60 Mln Crypto Exchange Hack in Japan had no Impact on Bitcoin Price
Another hacking attack has killed a known crypto exchange in Japan, and this time thieves steal $ 60 million in crypto.
Another Crypto Exchange Hack
The popularity of the attacks on the cryptan exchanges is increasing, in Japan, another such exchange is being killed recently. It is widely believed that such incidents are one of the main reasons why institutional investors still avoid being heavily involved in the crypto world. This is the last of a long string of attacks, but it is not serious or harmful.
According to Bloomberg's reports, the attack that was attacked was Jeff, CraftO exchange located in Japan, which was owned by Tech Bureau Corp from Osaka. Theft occurred last week, but the tech bureau reported it on Tuesday. According to his statement, thieves stole $ 60 million in Bitcoin, Bitcoin Cash and Monacoin In addition, about one-third of the stolen coins (about $ 19.6 million, or 2.2 billion yen) were related to the exchange. The rest were related to the coins stolen from their customers.
It is also one of the biggest reasons why institutional investors hesitate to join the crypto world, even when individual investors started coming in, in larger numbers.
Japan’s Exchanges are Most Attractive Targets
Japan is the place where some of the most active exchanges of the world are hosted, but also that the biggest hack dates were even made. The two largest people include Mount. 2014 Goce Hack, as well as Coin Check Hack from January this year.
Due to such incidents, the country's regulators are under very much pressure to make this sector safer and attractive for large investors. This is particularly important when we consider the fact that about 12% of all BTC businesses in the world have been added against Yen.
For this hack, Japan's FSA has already taken action, and it has requested the tech bureau to complete the report on the incident. In addition, they will investigate when the firm starts on-site inspection. Currently, Jeff is the 35th largest exchange and was one of those people who were ordered to improve their operations after the coin hack.
For bitcoin, its price was hardly affected by the hack. Keeping in mind that how small prices were sufficient for large value changes, this could mean that investors are used to hear such news. After receiving news reports, BTC recorded a fall of $ 6,386, but there has been a slight increase in present, and its price is just $ 6,408.01.
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