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Bitpoint Exchange Hacked, Lost Digital Assets Worth of $32 Million

By Natalie Wu | July 14, 2019

Bitpoint, a Japan-based licensed cryptocurrency exchange, has halted all services after being hacked for $32 million in digital assets.

According to its official announcement, Bitpoint has lost approximately 3.5 billion yen (~$32 million). Specifically, 1 billion illegal outflow belonged to the exchange and 2.5 billion to its users. 

Due to the attack, Bitpoint has suspended all services on the platform such as deposit, trading and withdrawal on Friday morning. Five digital currencies that Bitpoint allowed trading: Bitcoin, Bitcoin Cash, Ether, Litecoin and XRP. The firm did not reveal which types of assets were stolen.  

Earlier in March, the crypto exchange Bithumb has reportedly announced a temporary pause of its cryptocurrency withdrawals and deposits system.

On the tweet, the Bithumb revealed that at 10:15 (time zone unknown) on the 29th, they detected abnormal withdrawals through their system. Therefore, the exchange has “secured all the cryptocurrency from the detection time with a cold wallet and checked them by blocking deposit and withdrawal service.”

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