Bitpoint exchange loses $32 million worth of cryptocurrency in hot wallet hack

    Date12 Jul 2019
    CategoryHacks/Cracks
    820
    Posted ByBrittany Day

    Have you heard that Japanese cryptocurrency exchange Bitpoint has been hacked, resulting in the loss of $32 million worth of various digital currencies? The majority of funds lost (approximately $23 million) belonged to customers, while the rest were owned by the exchange.

    Bitpoint has ceased operations and says the funds were stolen from a hot wallet that contained five cryptocurrencies including Bitcoin, Ripple, and Bitcoin Cash.

    As of yet, the company says it is not aware of any funds taken from cold wallets.

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