Cryptocurrency broker LiteBit hacked

The LiteBit.eu crypto-exchange platform reports on being under a hacker attack
11 August 2017   1324

LiteBit.eu, a European cryptocurrency broker, recently warned its users about suspicious activities on its servers.

Thus, someone unknown has successfully accessed the company's data. Luckily, it appears that none of the ID verification documents have been leaked so far. 

The attack took place on August 5th. As the company reports, the customers' funds and their personal data are safe, but the hacker(s) had successfully obtained some server data.

The LiteBite.ey team claims that they were able to identify the source of the data breach. The company has confirmed that the leak has been plugged, although they have not gone into specific details for the time being. 

It is unclear whether the hackers obtained any data, but it is always better to err on the side of caution with this sort of thing, that's why any LiteBit user who has enabled two-factor authentication on their account will be required to re-enable it and change their password. Users who do not have this feature should certainly update their account passwords. 

Japan to Tighten Regulation Due to Zaif Hack

$ 62 000 000 worth cryptocurrency was stolen from the Zaif exchange few weeks ago
25 September 2018   83

Hacking of Zaif exchange is the reason for toughening control over the market by the financial regulator of Japan, Reuters reports.

The first measure taken was administrative sanctions against the exchange and its operator Tech Bureau Corp. The Financial Services Agency (FSA) has expanded the list of requirements for the latter, pointing out the need to identify preventive measures and search for the organizers of the theft.

Shortly before that, researchers of the Japanese financial company Tech Bureau Corp could not provide details of the theft of $ 62 million from the Zaif crypto exchange at the request of the FSA. The Osaka-based operator had to investigate the causes, consequences of the theft and options for compensating the victims. According to the Agency, the financial company could not cope with the task.

According to the Tech Bureau, the exchange was hacked on September 14 within a few hours. The problem with the server was discovered by the site staff on 17 September. Official confirmation of the incident and notification of the authorities was made only a day later.

Recall, the theft of $ 60 million from the Japanese stock exchange Zaif caused a surge of volatility of bitcoin. For a short time the price was able to overcome the distance of $ 400.