Crypto Short News

Zaif Moves To FISCO After Paying Customer Losses

Zaif, a Japanese cryptocurrency exchange, switched operator from Tech Bureau to FISCO virtual currency exchange from Aug 22, 2019. Zaif was hacked for about $60 million last year in September, so the management changed. 

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The firm will refund BTC and BCH holders in their original cryptocurrency, but, due to liquidity issues, MONA holders will receive about 60 percent in the crypto and the remainder in Japanese yen. The report says that users can transfer their accounts to FISCO between September 2 and November 30. Tech Bureau will be signing the transfer agreement to FISCO on October 10, 2019.

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Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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