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The Japanese exchange BitPoint hacked for $32 million

The Japanese exchange BitPoint hacked for $32 million

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The Japanese cryptocurrency exchange BitPoint has been hacked. About 3.5 billion yen ($32 million) was stolen in cryptocurrency. Currently, all operations on the platform are halted.

According to the announcement of the Exchange, it is not yet clear what kind of cryptocurrencies were stolen, but it is assumed that it is a Bitcoin, Bitcoin Cash, Litecoin, XRP and Ethereum. It is also known that most of the stolen funds belonged to BitPoint clients, not to the site itself.

"On the night of 11 to 12 July, an error occurred in the system of trading digital currencies transfer of funds. The investigation showed that as a result of fraud there was an illegal withdrawal of cryptocurrency. The total amount of stolen assets is 3.5 billion yen, of which 2.5 billion ($23 million) are customers funds,"- says in a report.

BitPoint Japan is one of the licensed crypto exchanges.

According to media reports, the Financial Services Agency of Japan (FSA) is currently considering another 110 applications for appropriate permits to operate.

Source: https://www.coindesk.com/japanese-exchange-bitpoint-hacked-by-32-million-worth-in-cryptocurrencies

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