RATE Group | Hackers Thieve $32 Million in Cryptocurrency from Japanese Exchange Bitpoint
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Hackers Thieve $32 Million in Cryptocurrency from Japanese Exchange Bitpoint

13 Jul Hackers Thieve $32 Million in Cryptocurrency from Japanese Exchange Bitpoint

Posted at 05:26h in Cryptocurrency News by

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Japanese cryptocurrency exchange Bitpoint’s parent company Remixpoint has just revealed that the operator has lost 3.5 billion yen ($32 million) to hackers, as reported by the Nikkei Asian Review.

Customer funds worth 2.5 billion yen have been stolen by hackers during the attack. Remixpoint has clarified that it will be compensating those customers who have lost their funds. But that didn’t stop the Bitpoint parent’s stock to plunge as much as 18% on the Tokyo Stock Exchange at one point.

The details of the Bitpoint hack

In a press release (Japanese) revealing the details of the hack, Bitpoint said that it “detected an error related to Ripple remittance,” and on further investigation, it was found that the Ripple tokens were “leaked illegally.”

Further investigation of the hack led Bitpoint to the revelation that Ripple wasn’t the…

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