So we hear about how cryptocurrency will be the savior of the future economy. It could be. However, hackers must know it as well. Because they hacked cryptocurrency…again.
So this time, Zaif is the victim. Zaif is a Japanese digital exchange company. They are part of the family of Tech Bureau Corp. Well, earlier this week, hackers stole over $60 million worth of Bitcoin from them. The hackers did the job on Friday September 14. But it wasn’t until the 17th when they found server problems. Then they discovered the cyber crime and reported it, to the media as well as the authorities. Also, they hacked two other of their cryptocurrencies.
Somehow, the hackers broke into their ‘online wallet’. Before they could steal anything else, they shut the system down. We don’t know when they’ll put it back up, in fact, it may be up again now. There’s a reason why I say they hacked cryptocurrency…again. Because last year, another company in Tokyo lost a whopping $547 million worth of cyrptocurrency. They believe this was a cyber theft. The name of this company is Coincheck. You may have heard of them. In fact, they hit Manacoin as well. They also lost millions on cryptocurrency.
So why are hackers hitting Japan so often and for so much? Because Japan is a leader in the cryptocurrency market game. It’s been that way since 2012. In fact, they pride themselves on IT support digital licences to regulate these markets and protect consumers from incidents like this. But even with these extra layers of protection, they still get hacked. Yes, I, along with many in computer repair believe this will be a powerful tool in future world economics. But it’s obvious they have a long, long way to go. This currency is a good way to go and hackers know it. What can be done to keep Bitcoin and other cryptocurrencies safe?