USD 32 million worth in crypto stolen from Japanese exchange Bitpoint

Friday 12 July 2019 10:23 CET | News

Bitpoint, a licensed cryptocurrency exchange based in Japan, has been hacked with USD 32 million worth in crypto assets stolen from the platform.

So far, it is not yet clear which types of assets were lost, as the exchange offered trading for five cryptocurrencies: Bitcoin, Bitcoin Cash, Ether, Litecoin and XRP. As a result of the incident, Bitpoint halted all services including trading, deposit and withdrawal of all crypto assets on July 12, 2019, in the morning after it noticed irregular withdrawal from its hot wallet on July 11, 2019.

Remixpoint, the exchange’s parent company said in an announcement that USD 23 million of the illegal outflow belonged to its customers.

The hack is the latest incident that has happened to exchanges in Japan. In September 2018, Zaif, also a licensed exchange under the Japanese Financial Services Agency, was hacked and lost USD 60 million worth in cryptocurrencies.

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Keywords: BITPoint, cryptocurrency exchange, Japan, hack, Bitcoin stolen, ether, XRP, cryptocurrency
Countries: World