Japanese Crypto Exchange Hacked, Loses Over $32 Million – Finance and Funding

Bitpoint is a licensed Japanese cryptocurrency exchange and a part of Remixpoint Inc. The cryptocurrency exchange revealed that it experienced a security breach in which irregular withdrawals were made from its online wallets on Thursday.

Based on reports, Bitpoint halted all exchange operations including deposit and withdrawal requests, as well as trading activities on its platform following the hacking. In an official announcement, Bitpoint disclosed that it lost about 3.5 billion yen (approximately $32 million). Among the stolen funds, 2.5 billion yen (approximately $23 million) belonged to customers and 1 billion (approximately $9.2 million) to the exchange. Therefore about 71 percent of the stolen funds were customers deposits. The exchange’s cold wallets were not tampered with….

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