Cyber criminals stolen $59 million worth of cryptocurrency from a japanese cryptocurrency exchange Zaif. According to a local report, as a result of a security breach on September 14, hackers managed to steal 4.5 billion yen from users hot wallets, as well as 2.2 billion yen from the assets of the company, with total losses amounting to 6.7 billion yen or around $59.7 million.
Zaif exchange is the 101st largest cryptocurrency exchange in terms of trade volume, according to CoinMarketCap.
Earlier this year, Zaif admitted to a “system glitch” that allowed users to temporarily acquire trillions of dollars worth of Bitcoin (BTC) for free in February. 16 customers were accidentally able to “trade” yen for cryptocurrency at a rate of 0 yen per coin.
Hacking of cryptocurrency exchanges have become a new trend for hackers as it not possible to track them and the amount that they get is very large. Users should always store their cryptocurrencies in their own wallet ( hardware wallet ) for more security. Keeping cryptocurrencies in exchanges is very risky.