RATE Group | Hacked Cryptocurrency Exchange Compensation Plan Back on Track
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Hacked Cryptocurrency Exchange Compensation Plan Back on Track

11 Oct Hacked Cryptocurrency Exchange Compensation Plan Back on Track

Posted at 23:31h in Cryptocurrency News by

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Tech Bureau, the operators of Zaif Cryptocurrency Exchange, has released its financial plans to compensate affected customers’ accounts from last month’s hack.

Fisco Digital Asset Acquires ZAIF Cryptocurrency Exchange

In a press release issued on Wednesday, Tech Bureau announced the conclusion of the business deal with Fisco Digital Asset Group. As previously reported, after the September 14 breach of Zaif’s hot wallets, the operators announced plans to go into agreement with Fisco Digital Asset to sell majority stock of the exchange and receive financial support to settle the 4.5billion Yen worth of customer assets lost in the breach.

According to the press release, Tech Bureau concluded negotiations with Fisco on October 10, 2018. However, the final agreement is a business transfer arrangement as against the majority stock acquisition initially reported.

Despite a change in the final agreement, Tech Bureau has assured the affected customers Fisco will assume the…

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