Marco Santori Joined Blockchain Info

Creator of SAFT concept became the president and chief legal officer of Blockchain. info
06 February 2018   449

Marco Santori, one of the most famous and influential lawyers in the crypto-currency industry, was appointed the new president and director of the legal department of the British company Blockchain Info, reports CoinDesk.

Blockchain co-founder Nicholas Carey, who previously served as president, will now serve as vice president and will focus on public relations, while Santori will focus on developing further policies and expanding the company.

Marco Santori is known as one of the early advocates of the cryptocurrency industry and provided advisory services to various start-ups in the past. Since November 2016, he served as a partner of the law firm Cooley LLP, where his main focus was on work in the field of corporate blockchain, and later in the ICO sphere.

Working in Cooley LLP, Santory became one of the co-authors of the so-called SAFT concept - a compromise model of raising funds compatible with the legal norms of the stock market, tax laws and the financial services industry in the United States.

However, he himself stresses that his heart always belonged to the bitcoin and its potential in terms of transferring power to the hands of ordinary people.

I’m honored and thrilled to join Blockchain, the leading provider for digital asset software. It’s a compelling opportunity to contribute to a company that is not only achieving unparalleled business success, but also delivering on a powerful mission to create an inclusive financial system from which everyone can benefit.

Marco Santori
CLO, Blockchain info

As Peter Smith, CEO of Blockchain, noted, Santory will play a strategic role in helping the company meet the growing demand for services. It is about scaling not only legal and regulatory functions, but also corporate development, including acquisitions and new partnerships. 

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   82

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.