Bitpoint Suspended All Services in a Hack Attack
Cryptocurrency exchange Bitpoint suspended all services
after losing about 3.5 billion yen ($32 million) in a hack that involved Ripple
and other cryptocurrencies.
The exchange, which is owned by Remixpoint Inc., said about
2.5 billion yen of stolen funds belonged to customers, while Bitpoint owned the
rest. Remixpoint shares plunged 19% to their daily lower limit and were
untraded in Tokyo as of 1:44 p.m. on a glut of sell orders.
The funds were stolen from a hot wallet that contained five
cryptocurrencies including Bitcoin and Bitcoin Cash. It said it hasn’t
discovered any funds missing from cold wallets.
The exchange was among cryptocurrency operators ordered by
Japan’s Financial Services Agency to improve internal controls following the 2018
hack of Coincheck.
Source: Bloomberg.com/europe
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