Japanese exchange Bitpoint hacked – $32 million in cryptocurrencies stolen
Jul 12, 2019
Hacker attacks and thefts have been a problem for the crypto industry for a long time.
Now comes reports of another attack, this time in Japan.
It is the Japanese crypto exchange Bitpoint that claims to have lost about $32 million, of which $23 million belonged to the exchange’s customers.
Parent company fell like a stone on the stock market
The cryptocurrencies stolen were stored in so-called “hot wallets”. It is a kind of storage that takes place on the internet and is considered to be less secure than to store cryptocurrencies on, for example, a hard drive or a so-called hardware wallet.
Bitpoint’s parent company Remixpoint Inc dropped 19 percent on the Japanese stock exchange after the announcement, Bloomberg reports.