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Home Industry Companies News
BitPoint Joins Growing List of Hacked Japanese Cryptocurrency Exchanges, $32 Million Stolen
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Daniel Phillips Daniel Phillips 1 min ago
Bitpoint exchange
Japanese cryptocurrency exchange BitPoint has just announced that is the victim of a hack. Its hot wallet used to store funds online was compromised. This attack means close to $32 million in user funds are gone.
According to BitPoint, the hack occurred at 22:12 Tokyo time on July 11th, 2019. The stolen amount is equivalent to 3.5 billion Japanese Yen (JPY). Out of this, approximately 2.5 billion JPY belonged to BitPoint Japan’s customers, and the remaining 1 billion JPY belonged to the company itself.
The exchange lost funds coming from at least 5 different cryptocurrencies. Those included were some of the most popular: Ethereum (ETH), Litecoin (LTC), Ripple (XRP), Bitcoin (BTC), and Bitcoin Cash (BCH).
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