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Detail Analysis

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Date:

Status:

Count:

Contributor:

April 27, 2017

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Verified

3

zerofriction.io

Loss Amount:

5,500,000

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Recovered Amount:

-

Currency:

Dollars, BTC

KYC By:

Audit By:

None

None

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Website:

No data

Twitter:

No data

Discord:

No data

Telegram:

No data

Medium:

No data

Github:

No data

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Key Indicators

Platform:

Type:

Category:

Method:

Bitcoin

Exchange

Assets

Poor Key Management

Extended Method:

Private key leak, hot wallet, Lazarus hacking group

Data Sources:

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Yapizon, a South Korean Bitcoin exchange, announced last week it lost 3831 Bitcoin (over $5.5 million) after an unknown hacker breached its system and stole funds from its server. According to reports, the unknown hackers were able to compromise the security of the platform during the early hours of April 22, 2017. The attack resulted in them successfully hijacking four separate Bitcoin wallets belonging to Yapizon. The incident seems to have left the exchange short of about 3,800 bitcoins, which was worth around $5 million at that time.

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DISCLAIMER: While Zero Friction LLC has used the best efforts in aggregating and maintaining this database, Zero Friction LLC makes no representations or warranties with respect to the accuracy or completeness, and specifically disclaim any implied warranties of merchantability or fitness for any particular purpose. 

Under no circumstances, shall Zero Friction LLC be liable for any loss of profit or funds, any regulatory or governmental penalties, any legal costs, or any other commercial and non-commercial damages, including but not limited to special, incidental, consequential, or other damages from any or all usage of the dataset or information derived from our database.