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MUFG Specialists Detect Hackers Of Zaif Exchange

16:31 06/11/2018

The cybersecurity specialists working at Japan Digital Design (JDD), owned by Mitsubishi UFJ Financial Group (MUFG), declared that they had detected the crypto scammers who hacked the Zaif crypto exchange, CoinDesk reports citing the JDD press service.

 

The search for the fraudsters was conducted in collaboration with Takayuki Sugiura from L Plus, an information security consulting company, and the TokyoWesterns cybersecurity expert team.

The specialists have jointly tracked the movement of the stolen MonaCoin tokens beginning from October 20. They assessed several sources of monetary transactions and provided data about them to the law enforcement agencies.

 

The experts did not disclose data on the scope of their investigation, and it is not clear how accurate they were in their conclusions. When analyzing a transaction channel, the static analysis of the network was applied. Having determined a node after the cryptocurrency leak, the specialists confirmed the possibility of accessing an IP address and other information about the source.

Zaif, owned by Tech Bureau, was attacked in September 2018. The hackers managed to steal bitcoins and other cryptocurrencies worth about $60 million. Tech Bureau addressed Fisco for help and compensation for damage to users and promised to publish the plan on the funds return. However, the payment dates were postponed eventually.

 

According to the National Police Agency in Japan, $540 million was stolen as a result of hacker attacks in Q1 and Q2 2018.

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