|Products||Cryptocurrency exchange, wallet|
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.
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. 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. Asahi Shimbun reported on July 17, 2019, that the company had announced that BITpoint's 50,000 customers would be reimbursed fully with the appropriate cryptocurrencies once the trading platform relaunched.
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- Japan cryptocurrency exchange loses $32 million of virtual money. New York Post.
- Hacked Bitpoint Exchange Finds $2.3M in Stolen Crypto. CoinTelegraph.
- Hacked BITpoint Exchange to Refund 50,000 Affected Users in Crypto. Coindesk.
- }Hacked BITpoint Exchange to Refund 50,000 Affected Users in Crypto. CoinDesk.
- Bitpoint Exchange Hacked for $32 Million in Cryptocurrency. Coindesk.