|Key People||Oda Genki, Director Representative President; Hito, Director COO; Yohei Onishi, Director; Masaharu Hino, Special Advisor|
|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.
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.
Products and Services
- Oda Genki
- Yohei Onishi
- Masaharu Hino
- About Us. BITpoint.
- 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.
- Japanese Crypto Exchange Bitpoint Restarting Trade Services. CoinDesk.
- Bitpoint Exchange Hacked for $32 Million in Cryptocurrency. Coindesk.