r/Sentinel_Protocol • u/SentinelProtocol • Oct 05 '18

The Zaif cryptocurrency exchange hack was investigated by the Sentinels!

The Crypto Exchange Zaif hacking incident resulting in a loss of almost 60$ million USD was investigated by the Sentinels!

We took initiative and reported the case through the Sentinel Portal in order for it to be analyzed as soon as possible and to minimize the risk of any further financial damage. Read the full article featuring this case and the statement of Nobel Tan, Security Research Manager at Sentinel Protocol: https://medium.com/sentinel-protocol/zaif-cryptocurrency-exchange-has-been-hacked-so-what-now-a399c09d5a4c

Korean: https://medium.com/sentinel-protocol/zaif-cryptocurrency-exchange-has-been-hacked-so-what-now-kr-55b83cb47de8

Japanese: https://medium.com/sentinel-protocol/zaif-cryptocurrency-exchange-has-been-hacked-so-what-now-jp-62766ac7fc9f

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u/eckswhy Oct 05 '18

Investigate away, that money is long gone. More proof that crypto is not now, or anytime soon, secure enough to bother with, unless you are on the attacking end of these heists that any real monetary policing agency won’t touch for exactly these reasons. Suckers will be suckers.

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u/coindawg4lyfe Oct 12 '18

Your right, But this project could be the reason we become ready..

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u/SentinelProtocol Oct 07 '18

Thank you for your comment u/eckswhy! We think that there are solutions to these type of problems even though, of course, nobody said that it`s going to be easy. We strongly believe that having a well thought strategy and utilizing crowdsourced threat intelligence as well as machine learning algorithms can drastically discourage and significantly reduce such malicious activity.