Friday, May 31, 2019

Zaif Crypto Exchange Hack - What Happened?


The Japanese cryptocurrency exchange Zaif was the victim of one of the most recent hacks to target the crypto space. In September 2018, the company published a press release, in which they announced that the exchange was breached, netting the attackers approximately $60 million. Responding to the attack, Zaif has halted all the service’s withdrawals and deposits.
In the hack, 5,966 BTC, and an unknown amount of MCO and Bitcoin Cash was stolen. According to the company, they discovered unauthorized access to the service taking place between 7 pm and 9 pm on September 14, 2018. During this time, the hackers were able to steal the cryptocurrencies, which were held in the exchange’s hot wallets.

This begs the question, how do we make our crypto wallets more secure?

Protect your cryptocurrency wallet with CryptoDefender and see the demo by CEO George Waller Of #Blocksafe here http://shop.blocksafetech.io/#undervaluedstocks

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