ETHERLive delivers real-time price and volume data across 16+ exchanges to users in a clear and easy-to-understand package. Users can get up-to-the-second updates for each exchange/currency pair, as well as aggregated market averages for each exchange, currency, and the market as a whole. It also provides a global converted average of all the currency pairs monitored by ETHNews, converted to USD.


24hr ---

The Basics

Learn the basics of Ethereum and various cryptocurrency technologies

Learn More

What is Ethereum?

Understand the underlying principles of the Ethereum Platform

Learn More

The Blockchain

Discover the revolutionizing technology known as the blockchain

Learn More

Press Release

Submit a press release for consideration on ETHNews

Submit Press

Story / Dapp

Submit a story or DAPP to be considered for publication on ETHNews.

Submit Story


Submit "Ethereum Explainer" content for consideration to be featured on ETHNews

Submit Topic
ETHNews Logo
Ether Price Analysis
Contact Us
ETHNews will sunset at the end of August. The site will remain accessible for a few weeks while necessary maintenance is performed. Thanks, as always, for reading.

Hacked Japanese Exchange Zaif To Transfer Responsibilities To Fisco




Maybe the best way to protect investors is to give that responsibility to someone else.

Embattled Japanese cryptocurrency exchange Zaif has announced plans to compensate customers who lost digital assets in Monacoin after the exchange was hacked, according to an official October 10 statement.

Last month, Zaif's operator, Tech Bureau Corp, reported that the exchange had suffered a loss of 6.7 billion yen (approximately $5.7 million) due to a September 14 hack. In that press release, Zaif mentioned it would be working with Fisco Digital Asset Group to determine how to reimburse customers who lost crypto and protect its investors from future attacks.

Yesterday's press release states that Fisco Digital Asset Group has agreed to provide financial support to the tune of 5 billion yen in return for a capital alliance that will allow Fisco to obtain the majority of Zaif's stock. This will ultimately lead to the exchange being transferred to Fisco and operating under the name "Fisco Cryptocurrency Exchange."

Fisco will take over operations for Zaif and be responsible for compensating those who lost cryptocurrency in the hack. According to Tech Bureau Corp, affected customers will be reimbursed in yen at a rate of 144.548 yen (approximately $1.28) for every Monacoin lost. As of yesterday, Zaif has stopped all Monacoin transactions.

Buying and selling of bitcoin and bitcoin cash will proceed as normal, but deposits and withdrawals will not resume until after the transfer to Fisco Cryptocurrency, which is scheduled for November 22. 

Nathan Graham

Nathan Graham lives in Sparks, Nevada, with his wife, Beth, and dog, Kyia. Nathan has a passion for new technology, grant writing, and short stories. He spends his time rafting the American River, playing video games, and writing.

ETHNews is committed to its Editorial Policy

Like what you read? Follow us on Twitter @ETHNews_ to receive the latest Zaif, Fisco or other Ethereum wallets and exchanges news.