Fisco Company To Compensate Zaif Users For Losses
Tech Bureau Corp., an operator of hacked cryptocurrency exchange Zaif has signed an agreement with Fisco for transferring business. According to agreement’s conditions, Fisco is obliged to compensate platform’s users for losses.
It is known that the company will refund the owners of disappeared Monacoinы, they will get 60% of funds in cryptocurrency and 40% in Japanese Yen at a rate 1 Yen= $1,28.
According to Fisco’s report, withdrawal of funds will become available on the exchange in the near future.
Tech Bureau representatives have also claimed that the company will stop carrying out its activities as an operator and asked Japanese Financial Services Agency to revoke a license. Let us note that after Zaif had been hacked (as a result, $60 million were stolen by hackers), Japanese regulator imposed sanctions against the exchange and Tech Bureau.
Within the framework of initial deal with Tech Bureau, Fisco company expressed its willingness to provide 5 billion Yens ($44,5 million). After further negotiations, the parties to the deal came to agreement for transferring business to Fisco. Official date of closure of a deal is November, 22nd.
To recap, hack of Zaif became a reason for Japanese financial regulator to tighten control over the market.