Banking And InsuranceCryptocurrencyDigital MarketingErpFood And BeveragesHealthcareLegalMarketing And AdvertisingMedia And EntertainmentMetals And MiningOil And GasRetailTelecom
Artificial IntelligenceBig DataCloudCyber SecurityE CommerceEducationGaming And VfxIT ServiceMobileNetworkingSAPScience And TechnologySecuritySoftwareStorage
CiscoDatabaseGoogleIBMJuniperM2MMicrosoftOracleOracleRed Hat
CEO ReviewCompany Review

The Silicon Review Asia

Security Breach: Japanese Cryptocurrency firm Tech Bureau Corp Hacked

Security Breach: Japanese Cryptocurrency firm Tech Bureau Corp Hacked

A Japanese cryptocurrency firm, Tech Bureau Corp was hacked last week. According to the company, hackers stole around $62M worth of digital currencies. Once the server is restored, the actual amount of the hacking will be known and it could be more than $ 62M.

The hacking incident occurred after 7 months since Coincheck Inc., a Tokyo-based cryptocurrency exchange was hacked in January, where the company lost $ 530M. Despite a tight security across the cryptocurrency industry, the hackers manage to crack the code again.

According to Tech Bureau Corp, the hackers stole an estimated amount of 6.7 billion yen ($59.48 million).

According to a press release issued on Friday, the stolen assets are 5,966.1 Bitcoin, 6,236,810.1 Monaco and 42,327.1 Bitcoin Cash. As of September 18, 7 billion yen ($62.10 million) is the value of per coin at their closing price.

 As per the company’s statement, the company cannot reveal the detail of the hacking and the incident is reported as a crime by the investigation authorities. It will be interesting to see if the company can recover the lost assets and find the perpetrators through further investigation. 

According to industry watchers, the incident will affect the Japanese regulator Financial Services Agency. Their ongoing view is on how to strike a balance between safeguarding users and nurturing technological innovation.


Marketing Partnership: NBA, McDonald’s Will Jointly open NBA Experience Zones India

There is good news for all basketball fans in India. Very soon, NBA themed promotions and experience zones will be launched in India. The announcement...

Dunzo to Raise Funds from Google, others

Dunzo, the app which is trying to make life easier for the people upto some extent plans to raise about Rs. 183 crore from different investors which a...

Sapta Shakti Command Will Be Displaying Defence Technology Equipment at Jaipur Military Station

This event is organised with an aim to provide an opportunity where one and all can experience the developments in the field of defence and security-r...

Samsung is All Set to Roll out Its Galaxy A9 Smartphone On November 20

After Samsung unveiled its new Galaxy A9 smartphone in Singapore last month, the company is all set to launch it in India on November 20. In Singapore...