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Friday, September 14, 2018 at 08:00 UTC

Zaif

Hot wallet keys exfiltrated from Japanese exchange.

Lost
Funds stolen
$60.00M
Recovered
$0.00M0%
Still outstanding
$60.00M
Chain
Bitcoin
Category
CEX
Attack vector
Private Key Compromise
Reported by
SlowMist
Incident ID
h2018-4

Exploit & recovery timeline

  1. Sep 14, 2018 · 06:00 UTC
    Attack preparation

    Attacker wallets funded and staged ahead of the private key compromise exploit against Zaif.

  2. Sep 14, 2018 · 08:00 UTC
    Exploit executed

    $60.0M drained from Zaif on Bitcoin via Private Key Compromise.

  3. Sep 14, 2018 · 09:00 UTC
    Detected by SlowMist

    SlowMist flagged the anomalous transactions and published an initial alert.

  4. Sep 14, 2018 · 12:00 UTC
    Protocol response

    Zaif paused affected contracts or withdrawals and began tracing outbound flows.

  5. Sep 15, 2018 · 08:00 UTC
    Funds traced

    Stolen assets followed through mixers, bridges, and exchange deposit addresses.

  6. Oct 14, 2018 · 08:00 UTC
    Funds written off

    No assets recovered; losses absorbed by the protocol, insurers, or users.