Hackers steal $2.3M from crypto exchange Bitpoint
As the local English daily reports, the Japanese crypto exchange Bitpoint, which was recently hacked, has discovered that another 250 million yen ($2.3 million) in crypto is missing.
Bitpoint is a Japan-based cryptocurrency exchange, established in 2016, with 4,430 million yen (including capital reserve) capital. The exchange offers to trade for five cryptocurrencies: bitcoin, bitcoin cash, ether, litecoin, and XRP.
According to The Mainchi, Bitpoint found the stolen cryptocurrency on overseas exchanges that were using a trading system provided by Bitpoint Japan. Bitpoint told The Mainchi that the recent discovery brings the total sum of lost founds down from 3.5 billion yen ($32 million) to 3.02 billion yen ($28 million).
The exchange was initially hacked on July 12. 2.5 billion yen ($23 million) of stolen funds belonged to customers while 1 billion ($9.2 million) belonged to the exchange. Hackers stole Bitcoin (BTC), Litecoin (LTC), Ether (ETH) and XRP from the exchange’s hot wallets.
Bitpoint suspended all services following the hack, while the exchange’s parent firm Remixpoint Inc. shed 19% following the theft. Remixpoint went untraded in Tokyo following the attack due to a reported glut of sell orders.