RATE Group | Japan firm says $43.9m missing in cryptocurrency hack, East Asia News & Top Stories
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Japan firm says $43.9m missing in cryptocurrency hack, East Asia News & Top Stories

13 Jul Japan firm says $43.9m missing in cryptocurrency hack, East Asia News & Top Stories

Posted at 06:27h in Cryptocurrency News by

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TOKYO (AFP) – A Tokyo-based cryptocurrency exchange said on Friday (July 12) it had halted all services after losing cryptocurrency worth about 3.5 billion yen (S$43.9 million) in the latest apparent hack involving virtual money.

Remixpoint said its subsidiary BITPoint Japan discovered overnight that the cryptocurrency 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 Thursday night (July 11).

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…

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