BITPoint

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BITPoint
Bitpoint-v2.jpg
Founded 2016
Headquarters Tokyo, Japan
Key People Oda Genki, Director Representative President; Hito, Director COO; Yohei Onishi, Director; Masaharu Hino, Special Advisor
Employees 51-200
Products Cryptocurrency exchange, wallet
Website https://www.bitpoint.co.jp/

BITPoint is a licensed cryptocurrency exchange based in Tokyo, Japan. There are BITPoint affiliates in Hong Kong, Korea, Taiwan, Malaysia, and Panama which operate virtual currency exchanges.[1]

Hack

On July 12, 2019, it halted all services after noticing an irregular withdrawal from its hot wallet on July 11. The exchange later announced that it had been hacked, losing 3.5 billion yen ($32 million) worth of its digital assets held in the hot wallet. While approximately $20 million of those losses belonged to customers, one-third of the lost assets reportedly belonged to Remixpoint, the company that owns BITPoint.[2]

According to a July 15 report from English-language Japanese business newspaper Mainichi, BITPoint discovered about 2.3 million of the missing funds trading on European platforms that use software originally provided by BITPoint.[3] On July 17, representatives of BITPoint told reporters of the Japanese newspaper Asahi Shimbun that all of the roughly 50,000 users who lost their assets in the hacking attack would receive refunds on a 1:1 basis.[4]

The company re-opened some trading services on August 6, 2019, after a successful safety assessment of the platform's wallet. It proposed to relaunch margin tradiing on August 9.[5]

Products and Services

BITPoint offers digital asset trading services for bitcoin, Bitcoin Cash, Ether, Litecoin, and XRP. The company also offers wallets to its customers to store their digital assets.[6]

Key People

  • Oda Genki
  • Hito
  • Yohei Onishi
  • Masaharu Hino

References