32 mln United States dollars of cryptocurrency stolen from BITPoint Japan

Bitpoint Japan Hack $32 million

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.

Volkswagen and Ford team up on self-driving and electric cars
They suggest they will share development of a fully electric vehicle that will come to market by 2023. This brings the total investments into the autonomous company up to more than $7 billion.

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.

Never miss out on our daily crypto news, stories, tips, and price analysis.

Related News:



Most liked

Lawmakers considering one-week delay in Mueller testimony
Mueller's offer to delay comes as House Democrats on the Judiciary panel pressed their leaders for more time to question Mueller . Special Counsel Robert Mueller's blockbuster appearance before two House committees has been delayed until later this month.

Romelu Lukaku spotted yawning on exercise bikes during Man Utd training session
And eyebrows were raised when the 26-year-old fail to emerge for United's open pre-season training session in Perth on Thursday. Rashford has the talent and temperament to be a very good player, but he hasn't been consistent enough.

James Small, South African World Cup-winner dead at 50
His mother, Vaughn Small, confirmed to Netwerk24 that one of the Bok heroes of the 1995 Rugby World Cup victory died on Wednesday. The South African government and members of the country's rugby fraternity took to social media to mourn the death of Small.

Chelsea draw with Bohemians in Lampard’s first game
Lampard will get his second taste of Chelsea management on Friday when his side faces another Irish side, St. Some of the performances, especially from the young lads today was really good.

AOC disavows her earlier suggestion Pelosi is racist
Alexandria Ocasio-Cortez (D-N.Y.) admitted what the true goal of the Green New Deal is, and it's not to defeat global warming. There is a "lack of willingness to recognize what the nation went through, the worst attack in our history", Cheney said.

Barcelona Complete Signing Of Antoine Griezmann For £108 Million
The France global becomes Barca's third signing of the summer, following the arrivals of Frenkie de Jong and Neto . Griezmann's signing is expected to end speculation of Neymar making a sensational return to Barcelona this summer.

Hubble has found a black hole disk that should be non-existent
Gravitational waves from supermassive dark gap sets "are a million times more intense than those distinguished by LIGO ". The louder the background noise, the bigger the timing disruption and the sooner the first detection will be made.

Divock Origi signs new long-term Liverpool contract
When asked whether he was planning to make any major signings in the coming weeks, Klopp replied: "We have bought them already and you don't realise it.

Serena returned to tennis to hunt down Slam No
So was her body language, including when Halep looked up at her coach, yelled and extended an arm in the first set's final game. As Jon mentioned, Serena hasn't responded particularly well to pressure in her two Grand Slam finals P.O.

Google Translate's camera feature now detects and translates a whopping 88 languages
And three camera translation options are now found on the bottom of the screen, easier to reach with your fingers. This brings the total number of languages you can translate by simply pointing your camera at words to 88.

Spacewatch: India prepares to launch Chandrayaan 2 moon mission
Named after a famous Indian astronomer, it is designed and built in India and launched by a Soviet rocket. When will Chandrayaan-2 reach the moon? China recently navigated its spacecraft in the same region.

Pooja Batra, Nawab Shah get secretly married; lovebirds now vacationing in Goa
Pooja Batra was the second runner-up at the Miss India pageant in 1993 and she debuted in Bollywood in 1997 film Vishwavidhaata . Nawab Shah posted a Boomerang video, which features a woman's hand, purportedly Pooja's wearing bridal choora .

Call of Duty: Modern Warfare Multiplayer Reveal Date Confirmed
In Gun Game, players rotate through a series of weapons; getting a kill with each one before moving on to the next. Call of Duty: Modern Warfare is scheduled for release globally October 25 on PlayStation 4, Xbox One, and PC.

Maltese economy projected to grow fastest among European Union member states
German growth will slow to 0.5 per cent this year, in line with earlier predictions, after reaching 1.4 per cent in 2018. The GDP forecast for Bulgaria is also unchanged - 3.3% in 2019. and 3.4% for 2020.

R Kelly arrested in Chicago on sex charges
The Sun-Times said Kelly's attorney Steve Greenberg, on Thursday confirmed the arrest, but declined to give details. Facing 15 years for the charge, the Ignition singer was later acquitted by the jury of child pornography charges.