The Osaka-based cryptocurrency exchange Zaif is now hacked if you are an upshot by security breach, reported by the local crypto news outlet on Sep. 19, 2019 .

As per the reports, okazaki, japan cryptocurrency exchange lost $60 million and users funds on Monday, Sep. 17, 2019 , and currently, the exchange is working to secure funds to reimburse the influenced users.

The company relayed that your hack got discovered on Monday, September 17, between 17:00 and 19:00 local time, in case the attacker siphoned off three categories of cryptocurrencies worth 6.7 billion Japanese yen (roughly $59.67 million) when and also the company’s assets as well as the users’ hot wallet which are Bitcoin, Bitcoin Cash, and MonaCoin.

However, the exchange confirmed and reported for the hack one day later of your crime date, and reached along to the Japanese regulator, Financial Services Authorities (FSA), because within the first glance the server detected a miscalculation and after that every one of the deposits and withdrawals were deferred. As per the Tech Bureau Inc., an operator of Zaif.

The Zaif team suspended user deposits and withdrawals earlier today, while its staff making sure the hackers are out of their network and loosen from all the opportunities extra illicit action.

Based relating to the announcement while in the press release by Tech Bureau Inc, Fisco Digital Asset Group will supposedly help Zaif to insure the lost customer assets in the form of reimbursement by rendering 5 billion yen ($44.5 million). As per the agreement amongst Tech Bureau and Fisco it is usually decided to terminate more than half of its directors and company auditors and connecting Fisco for a majority shareholder in your company.