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TOKYO >> A Japanese cryptocurrency market has reported hacking resulting in the loss of 3.5 billion yen, or $ 32 million, of virtual money.
The Tokyo-based group, Remixpoint, which manages BITPoint's activities, as well as travel, used cars and energy, apologized Friday, saying the losses had been confirmed from Thursday.
The cause of the losses, which include bitcoins as well as Ethereum, Ripple and other types of cryptocurrencies, is being investigated.
About two-thirds of the losses affected customers, while the rest of the missing assets belonged to Remixpoint, the company said in a statement. All transactions have been interrupted.
Japan has been relatively open to crypto-currencies, which use a technology called blockchain, despite high-profile hold-ups.
He has put in place a licensing system to control their use. Bitcoin is a form of legal payment in Japan since April 2017.
Remixpoint stated that the lost money was in what is called the "hot wallet". The money in the "cold wallet", with enhanced security, was safe.
The findings of the investigation will be disclosed as soon as possible, the company said.
Major Cryptocurrency Exchange Gox was hacked and collapsed in Japan in 2014.
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