RATE Group | Japan firm says $32 million missing in cryptocurrency hack
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Japan firm says $32 million missing in cryptocurrency hack

13 Jul Japan firm says $32 million missing in cryptocurrency hack

Posted at 08:30h in Cryptocurrency News by

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A Tokyo-based cryptocurrency exchange said on July 12 it had halted all services after losing cryptocurrency worth more than USD 32 million in the latest apparent hack involving virtual money.

Remixpoint said its subsidiary BITPoint Japan discovered overnight that about 3.5 billion yen (USD 32.3 million) in various digital currencies had gone missing from its management.

The apparent hack was discovered after an error appeared in the firm’s outgoing funds transfer system on July 11 night.

It said the cryptocurrency went missing from a so-called “hot wallet”, which is connected to the internet, but that currency held in “cold wallets” that are offline was not affected.

BITPoint Japan handles various virtual currencies, including bitcoin, ethereum and ripple.

Remixpoint said the firm was still analysing the loss and offered no further details.

It said it would compensate customers for the losses. Around 2.5 billion yen worth of the missing currency was customer funds,…

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