The operator of the Japanese cryptocurrency exchange Zaif company Tech Bureau has not yet presented a strategy to compensate for losses to customers affected by the robbery that happened three weeks ago. Then $ 60 million in Bitcoins, Bitcoin Cash and MonaCoin were withdrawn from the exchange.
Until it is ready, the Tech Bureau has suspended the process of registering new traders. In late September, the company said it would return the lost funds to users, noting that the development of a compensation plan will take time.
The robbery happened on September 14, but the operator Zaif found out about him on September 17, when he contacted the Japanese Financial Services Agency. The incident was publicly announced on September 20.
Soon the Tech Bureau entered into a preliminary agreement with the Japanese corporation Fisco Digital Asset Group that it would sell most of its shares for 5 billion yen ($ 44,59 million). Representatives of the Tech Bureau have promised that the funds will go to compensate customers. However, the details of the deal are still being discussed.
Recall that in January of this year, Coincheck suffered from hackers' actions: the attackers withdrew NEM tokens for $ 530 million from it. Coincheck released a compensation plan the day after it reported the incident. A month later, a large Japanese network brokerage company Monex acquired the stock exchange.
Now the Tech Bureau is trying to fulfill the business order of the Financial Services Agency. In particular, the regulator is dissatisfied with the use of hot wallets.
It is reported that the Japanese self-regulatory organization, the Association of Virtual Currency Exchanges, intends to establish a compulsory rate according to which trading platforms can store no more than 10 or 20% of clients' assets in hot wallets.