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Hacked Japanese Exchange Zaif Opens Tuesday, Monacoin (MONA) Doubles Price

Published 04/22/2019, 08:37 AM
Updated 04/22/2019, 09:41 AM
© Reuters.   Hacked Japanese Exchange Zaif Opens Tuesday, Monacoin (MONA) Doubles Price

Zaif, the Japanese market operator hacked last fall, will reopen this Tuesday, Japanese media and traders pointed out. The market operator is also preparing compensation for those who lost funds, to cover the stolen Monacoin (MONA), Bitcoin (BTC) and Bitcoin Cash (BCH). Part of the compensations will be paid in Japanese yen.

https://twitter.com/NTL_NEMO/status/1119457062788845568

Zaif saw a hack worth about $60 million, and became one of the most affected Japanese exchanges, along with Coincheck, which suffered much deeper losses.

The news of the return for Zaif reignited the markets for MONA. The asset had seen most of its activity frozen for months, and now the price almost doubled overnight. MONA rose from lows around $0.64 up to $1.32 before retreating slightly. The reopening of the Zaif ma...

This article appeared first on Cryptovest

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