ErisX to Unveil Joseph Lubin's Assigment

ConsenSys, project of new director of ErisX, was going to fire 60% of staff in the end of 2018
18 January 2019   434

The co-founder of Ethereum and the head of the blockchain-startup ConsenSys Joseph Lubin joined the board of directors of the cryptocurrency derivatives exchange ErisX.

ErisX has a unique position in the market with support from a wide range of investors as well as experienced leaders at the helm. I look forward to bringing my experience with decentralized technologies and digital assets to a model that will further democratize access to digital assets. 2019 is likely to be a breakthrough year for digital assets, and the exceptional ErisX team is poised to lead.

Joseph Lubin

Board of Directors Member, ErisX

Note that the new member of the board also became Fintech entrepreneur Chris Conde, who replaced Cliff Lewis.

Earlier, ErisX announced the closure of a round of financing for Series B, which involved Bitmain, ConsenSys, Fidelity Investments, Nasdaq Ventures and Monex Group Inc.

Hacked Zaif Exchange to Resume Operations

It was hacked in September last year,  about $60 million in cryptocurrency was stolen from its platform
22 April 2019   88

Japanese cryptocurrency exchange Zaif announced that it will complete the transition from the Tech Bureau to the Fisco Digital Asset Group (FDAG) on April 22 and resume normal operation the next day, Cointelegraph reportes.

In September last year, the exchange underwent a hacker attack when about $ 60 million in cryptocurrency was stolen from its platform, including Bitcoins, Bitcoin Cash and Monacoin. As part of the compensation plan to users, FDAG exchange acquired a large stake in Zaif business and transferred to the Tech Bureau over $ 44.6 million.

According to an earlier announcement of the exchange, 40% of the lost funds will be compensated to users by Fiat, and the remaining 60% - to the cryptocurrency, which will be available for withdrawal on April 23.