32 mln United States dollars of cryptocurrency stolen from BITPoint Japan

Bitpoint Crypto Cryptocurrency

Past year too, Zaif, another Japanese exchange lost $60 million to hackers. At the moment, the exchange is working tirelessly to apologize and assure its customer of compensation for any damages that might have incurred.

Similarly, in 2014, Japan-based MtGox cryptocurrency exchange was forced to shut down its operations after 850,000 BTC worth 500 million Dollars at the time went missing from its virtual wallets.

According to a Bloomberg update, the platform halted trading, withdrawal, and deposits on its platform after they realized that hackers had broken into one of their hot wallets and made away with $32 million worth of cryptocurrencies.

Following the outbreak, the exchange owner Remixpoint Inc. shut down all its services and took a nineteen percent (19%) on its shares.

The security of Japanese crypto exchange BitPoint has been compromised, the firm announced earlier Friday.

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.

Teuns wins Tour de France Stage 6, Ciccone takes race lead
The stage ended up as a battle not only for the stage and the overall lead but for the psychological control of the race. French rider Julian Alaphilippe did everything he could to hold onto the leader's yellow jersey for a fourth day.

And the Tokyo-based MtGox exchange, which at one time handled almost 80 percent of all global bitcoin transactions, was shut down in 2014 after 850,000 bitcoins (worth half a billion dollars at the time) disappeared from its virtual vaults. Also, there were no claims for reimbursement for the customers of the exchange.

The cryptocurrencies stolen were stored in so-called "hot wallets".

Japan has been relatively open to crypto currencies despite some high-profile heists. "We will post information on our website from time to time", another update by Bitpoint Japan confirmed. In 2017, cryptocurrency exchange Coincheck was hacked for $530 million.

The incident follows the theft of 6.7 billion yen from the Zaif exchange, operated by Tech Bureau Corp., in September 2018.

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