Will the identification and prosecution of Japan’s Zaif hackers deter future crypto exchange cybercrime?

Colleagues, last month we reported on the $60m crypto heist carried out against Japan’s Zaif exchange. Japan Digital Design has apparently identified crypto transaction clues, which they believe will lead them to the hackers of some $60m. This is good news – any developments to help reduce crypto cybercrime only strengthen the common good of the global cryptosphere. However, Zaif with its roughly $7.4m trading volume according to CoinMarketCap is at best a third tier crypto exchange and the theft of $60m is a mere blip within the $212T global cryptocurrency arena. This leads us to the obvious question: Will the capture and prosecution of the Zaif hackers have a deterrent effect on other cyber-attacks against crypto exchanges around the globe? Answer: Highly unlikely. The dramatic growth in digital asset growth during the past year have made exchanges a “top priority” target for cyber criminals. We stand by our previous guidance. Professional traders and investors should stay with tier 1 exchanges such as Biance, Huobi, OKEx, etc.  – despite their own pitfalls – which tend to offer more stringent security measures.  Post a comment today! Lawrence – Cryptocurrency Academy (https://cryptocurrencyacademy.blogspot.com/)