The cryptocurrency market’s credibility took a hit late Wednesday New York time when Japanese exchange Zaif said it had been hacked, resulting in the loss of nearly 6,000 bitcoin.
As for pricing action, however, the news had little immediate impact, with bitcoin steady and the ongoing Ripple rally boosting alt-coins.
The latest hack was the second for a Japanese exchange this year after Coincheck said more than $500 million worth of NEM tokens were stolen in January.
In a press release, Zaif said “it is estimated that the total loss due to the damage more than the current investigation is equivalent to about 6.7 billion yen (including MONA and BCH) in Japanese yen.”
According to data from CoinMarketCap, Zaif reported $69.1 million in trading volume of the past 24 hours.
Bitcoin, the world’s No. 1 digital currency, was relatively unchanged Thursday, with a single bitcoin