Following the hacking of Zaif in September, Japan Digital Design Co (JDD) experts recently declared that they have identified the source of MonaCoins transactionsstolen. Knowing that the tracing of crypto-funds after a hack proves difficult, even utopian, these experts managed to identify the source via a specific methodology and great perseverance.
Successful results after two months of investigation
When the crypto-purse Zaif was hacked, it lost 6.7 billion yen in BCH, BTC and MonaCoin combined. The platform then turned to experts related to Mitsubishi UFJ, a subsidiary of Japan Digital Design Co (JDD), which has resumed the investigation following a hackathon with Tokyo Western and El Plus (cybersecurity company).
According to the explanations, "the transfer path has been studied through a statistical analysis of the Blockchain. By deploying the virtual currency node on a large scale, we checked if we could get clues like the source. "
Also, JDD would have been able to trace the transactions, or at least the addresses involved in the stolen funds movements just after the MonaCoins' theft.
Zaif, a platform exposed to risks
Whatever the outcome of these investigations, the Japanese crypto-purse can congratulate the cybercrime company for its saving analysis knowing that the hack had allowed the hackers to steal 966 BTC, BCH chips and MonaCoin valued at about 59 million dollars. (September course).
As a renowned platform, it is automatically a preferred hacker target, which is why its leaders need to invest more heavily in its protection.
In addition, the Zaif operator, Tech Bureau, had already received an order for rehabilitation or improvement of activities from the FSA followed by a formal notice that would lead to sanctions in case of laxity. And with regard to the cybercrime activities of Japan, this request seems well motivated for the good of the platform, but especially for the interest of investors.
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