RATE Group | Hacked Bitpoint Exchange Finds $2.3M in Stolen Crypto
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Hacked Bitpoint Exchange Finds $2.3M in Stolen Crypto

14 Jul Hacked Bitpoint Exchange Finds $2.3M in Stolen Crypto

Posted at 23:10h in Cryptocurrency News by

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Japanese cryptocurrency exchange Bitpoint has discovered over 250 million yen ($2.3 million) in cryptocurrency — part of a $32 million sum that was stolen last week, local English language daily The Mainichi reports on July 14.

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…

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