Japan’s Financial Services Agency (FSA) said on Tuesday that the local crypto firm Tech Bureau Corp, which operates crypto exchange Zaif, hadn’t provided sufficient and adequate information related to the recent hack in which $62 million worth of Bitcoin and other cryptocurrencies had been stolen. The company didn’t explain how the attackers got access to the exchange and why it had delayed the reporting on the hack. Thus, the regulator sent a business improvement order to Tech Bureau Corp, requiring it to present more details related to the hack and explain how it would compensate the customers.
Speaking at a briefing with the media, an FSA official
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