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

    Date 12 Jul 2019
    Category Hacks/Cracks
    1225
    Posted By Brittany Day
    LS Hmepg 337x500 32

    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.

    The link for this article located at The Next Web is no longer available.

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