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Cryptocurrencies

Japan-based Bitpoint finds part of stolen cryptos

Monday 15 July 2019 | 10:55 AM CET

The Mainichi has reported that Japan-based Bitpoint, which recently suffered a major hack, discovered a part of the stolen funds.

The cryptocurrency exchange announced that it lost approximately USD 32 million in the hack, which was detected on 11 July 2019. Bitpoint had suspended all transactions and services soon after the hack, although the incident affected holdings in five different cryptocurrencies: Bitcoin, XRP, Litecoin, Ether, and Bitcoin Cash held in the hot wallet.

The exchange has found 250 million yen (approximately USD 2.3 million) worth of cryptocurrencies lost in the hack, as per a media report. Bitpoint suggested that the stolen cryptocurrencies were discovered on exchanges operating overseas that were using a trading system provided by Bitpoint Japan.

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