The exchange of pirated Japanese cryptocurrencies Zaif sells exchange to rival Fisco
The Japanese exchange of cryptocurrencies Zaif has been bought by a rival exchange of Japanese cryptocurrencies. Fisco has taken over Zaif's operations after acquiring the company.
The Zaif exchange hit the headlines recently after the massive $ 60 million hack that took place on its platform.
The Japanese regulated exchange has completed the transfer of all business to the exchange of the Treasury, and now Fisco will execute both exchanges as separate services.
The sale comes after the hacking of Zaif's exchange that delayed the change by approximately $ 60M. Fisco agreed to help the exchange with financial support to help Zaif pay its customers. The two parties formed an "alliance of capital that allows the acquisition of the majority of the company's shares".
Summary: the latest update of Zaif's reimbursement plan in the $ 60M hack
Bitcoin.com reported that Zaif has issued a statement on its website indicating to users that they accept the exchange transfer to continue using the services. Currently, deposits and withdrawals from BTC, BCH and MONA are suspended. These are the three cryptocurrencies that were stolen during the hacking in September.
The exchanges of Zaif and Fisco are currently regulated in Japan, and only 14 other exchanges are regulated in the country.