Business Improvement Order to the Operator of Zaif Exchange

Business Improvement Order to the Operator of Zaif Exchange

The finance authority, Ministry of Finance, has issued a business improvement order to the Tech Bureau Inc., the operator of Zaif exchange. The exchange lost JPY 6.7 billion worth cryptocurrencies from the wallets due to lack of solid security. The exchange has been ordered to study the cause of security failure in order to prevent future incidents.

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