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Crypto Exchange Japanese Bitpoint Hacks $ 32 Million



The Japanese crypto-exchange Bitpoint has suspended all services after losing $ 32 million following a piracy involving XRP, Bitcoin (BTC) and other cryptocurrencies.

In an official announcement made on July 12, Bitpoint revealed that it lost about 3.5 billion yen (of which about $ 32 million), including 2.5 billion yen (about $ 23 million) from customers and billion (about $ 9.2 million).

Bloomberg reports that the shares of Bitpoint's parent company, Remixpoint Inc., lost 19% as a result of the news of the incident and were not traded in Tokyo at 1:44 pm. "On an overabundance of sales orders."

In addition to XRP and Bitcoin, a total of five different cryptocurrency currencies were stored in the affected hot portfolios, including Litecoin (LTC) and Ether (ETH).

The announcement of Bitpoint did not seem to compromise the cold portfolios of the exchange.

Bitpoint was one of many national cryptographic exchanges that received a business improvement order from the Japanese Financial Regulator, the Financial Service Agency (FSA), during its numerous industry inspections by Bloomberg.

As noted above, record revenues of NJ $ 534 million from the Coincheck Japanese Exchange in January 2018 were attributed to the fact that the coins were stored in a high-security portfolio.

In 2019, Binance, the largest encrypted exchange of $ 40 million in May, Binance dominated the sector – at least eight cryptographic exchanges were the target of large-scale hacking incidents in the first half of this year. year, more recently in Bitrue, Singapore.


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