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Bitpoint Exchange Lost $32 Million in Cryptocurrency Amid Recent Hacker Attack

Originally published on: </strong><br /> <a href="https://www.coinspeaker.com/bitpoint-hacker-attack/"><u>Read the original article</u></a></p> <p>July 12, 2019</p> <div id="primary"> <div id="content" role="main"> <article id="post-85868"> <p>Japanese licensed cryptocurrency exchange Bitpoint has become a new victim of hackers and lost $32 million in crypto assets in the recent attack.</p> <div> <p>Unfortunately, despite all the efforts made by their operators, cryptocurrency exchanges are still rather vulnerable to hacker attacks. Now the crypto world is discussing the name of a new victim that has been added to the list of exchanges suffered from hackers. This time the sad news came from Japan where Bitpoint lost $32 million in crypto assets.</p> <p>Based in Japan, Bitpoint is a licensed cryptocurrency exchange. Before the attack, it provided its customers with an opportunity to trade five cryptocurrencies. Among them, there are the world’s major ones, including <a href="https://www.coinspeaker.com/coins/bitcoin/" rel="noopener noreferrer" target="_blank">Bitcoin</a>, <a href="https://www.coinspeaker.com/coins/bitcoin-cash/" rel="noopener noreferrer" target="_blank">Bitcoin Cash</a>, <a href="https://www.coinspeaker.com/coins/ethereum/" rel="noopener noreferrer" target="_blank">Ethereum</a>, <a href="https://www.coinspeaker.com/coins/litecoin/" rel="noopener noreferrer" target="_blank">Litecoin</a> and <a href="https://www.coinspeaker.com/coins/xrp/" rel="noopener noreferrer" target="_blank">XRP</a>.</p> <p>As it has been disclosed by the <a href="https://www.coindeskjapan.com/14385/" rel="nofollow noopener noreferrer" target="_blank">CoinDesk Japan</a>, after Bitpoint noticed unusual withdrawal from its hot wallet, it took a decision to halt all services. It means that starting from Friday morning trading, deposit and withdrawal of all crypto assets are closed.</p> <p>At the current moment, there is no information which types of crypto assets were stolen. It’s just known that $23 million from the total illegal outflow of $32 million belonged to customers. It has been disclosed by Remixpoint Inc., the exchange’s parent company.</p> <h2>Hacker Attacks in Japan</h2> <p>Nevertheless, let us remind you that this situation with Bitpoint is not the first breach of an exchange registered in Japan.</p> <p>Last September, Zaif, another licensed exchange under the Japanese Financial Services Agency, also <a href="https://www.coinspeaker.com/japanese-crypto-exchange-zaif-falls-victim-to-hack-loses-60-million-worth-bitcoins/" rel="noopener noreferrer" target="_blank">made headlines</a> being hacked. In that hack, it lost $60 million in cryptocurrencies. Among the stolen assets there were 6,000 Bitcoin as well as Bitcoin Cash and the <a href="https://www.coinspeaker.com/coins/monacoin/" rel="noopener noreferrer" target="_blank">Monacoin</a> cryptocurrency.</p> <p>To compensate the funds, the exchange’s operator Tech Bereau entered in a partnership with a Japanese publicly listed investment firm called Fisco. Under the terms of the agreement, the business of Zaif was transferred to Fisco Cryptocurrency Exchange.</p> <p>And one more example of a hacked Japanese exchange is Coincheck. As we recently <a href="https://www.coinspeaker.com/faang-company-crypto-project-winklevoss/" rel="noopener noreferrer" target="_blank">reported</a>, this exchange made history (without any intentions to do it) in early 2018 when it lost funds worth approximately $520 million in <a href="https://www.coinspeaker.com/coins/nem/" rel="noopener noreferrer" target="_blank">NEM</a> tokens. The attack was named the major crypto theft and led to increased regulatory scrutiny of crypto exchanges in the country.</p> </div> </article> <nav role="navigation"></nav> </div> </div> <div class="flownews_advertisement_content_banner"><!-- JuicyAds v3.0 --> <script async src="//adserver.juicyads.com/js/jads.js"></script> <ins id="640183" data-width="728" data-height="102"></ins> <script>(adsbyjuicy = window.adsbyjuicy || []).push({'adzone':640183});</script> <!--JuicyAds END--></div><span class="tags-links"><span class="screen-reader-text">Tags: </span><a href="https://cryptotimes.news/tag/bitcoin/" rel="tag">Bitcoin</a>, <a href="https://cryptotimes.news/tag/bitcoin-cash/" rel="tag">Bitcoin Cash</a>, <a href="https://cryptotimes.news/tag/business/" rel="tag">Business</a>, <a href="https://cryptotimes.news/tag/coindesk/" rel="tag">CoinDesk</a>, <a href="https://cryptotimes.news/tag/coinspeaker/" rel="tag">Coinspeaker</a>, <a href="https://cryptotimes.news/tag/cryptocurrency/" 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