Bitpoint Exchange Hacked for $32 Million in Cryptocurrency
Bitpoint, a licensed cryptocurrency exchange based in Japan, has had $32 million-worth of crypto assets stolen from the platform.
Jul 12, 2019 at 6:25 a.m. UTC:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/YVMWSXLMF5COPIKRYMQXZLRW4Y.jpg)
(Shutterstock)
/arc-photo-coindesk/arc2-prod/public/LXF2COBSKBCNHNRE3WTK2BZ7GE.png)
Bitpoint, a licensed cryptocurrency exchange based in Japan, has been hacked for $32 million in crypto assets.
According to a CoinDesk Japan report on Friday, Bitpoint halted all services including trading, deposit and withdrawal of all crypto assets on Friday morning after it noticed irregular withdrawal from its hot wallet on Thursday.
It is not yet clear at this stage which types of assets were lost, the exchange offered trading for five cryptocurrencies: bitcoin, bitcoin cash, ether, litecoin and XRP.
The exchange's parent company Remixpoint Inc. said in an announcement that $23 million of the illegal outflow belonged to its customers.
The news marks the latest breach of a Japanese exchange. In September 2018, Zaif, also a licensed exchange under the Japanese Financial Services Agency, was hacked for $60 million worth of cryptocurrencies.
Earlier last year, Coincheck was also breached, resulting in more than $520 million worth of cryptocurrencies being stolen.
Japanese yen image via Shutterstock
Disclosure
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity.
:format(webp)/downloads.coindesk.com/arc/failsafe/user/1x1.png)
Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.