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Bitpoint Exchange Hacked; Losses Amount About $32 Mln

12 July 2019 09:06, UTC

Bitpoint, a licensed cryptocurrency exchange based in Japan, was hacked, CoinDesk Japan reports. Losses amount to $32 million in cryptocurrencies.

Bitpoint suspended all transactions, including trading, deposits and withdrawals of all crypto assets, on Friday morning. This happened after employees of the exchange noticed a suspicious withdrawal of funds from their hot wallet on Thursday. At this stage, it is not yet known what types of assets have been lost: the exchange trades five types of cryptocurrencies: Bitcoin, Bitcoin Cash, Ethereum, Litecoin and XRP.

Additionally, the parent company Remixpoint Inc. said the stolen $ 23 million belonged to its customers. There are no reports on the further movement of the stolen funds. Also, there were no claims for reimbursement for the customers of the exchange.

01-10-2018 16:53:00 | Investments

Zaif Case or Why Japanese Exchanges Lost $518 Million For Six Months

Japan often appears in the news about the theft from crypto exchanges: in September 2018, Zaif, a licensed exchange under the Japan Financial Services Agency, was hacked, losing up to $60 million. Earlier, cryptocurrencies worth more than $ 520 million were stolen from the Coincheck exchange.

Image courtesy of Yahoo News