Japanese Crypto Exchange Hacked in $32 Million Heist, Markets Oblivious
Following the demise of one of Poland’s largest crypto exchanges last week, news is breaking today that one in Japan has just been hacked.
Bitpoint Suspends Services
An today stated that Japanese crypto exchange Bitpoint has suspended services following a heist to the tune of around $32 million in crypto assets. A added that XRP was one of the major cryptocurrencies involved in the theft of about 2.5 billion yen in customer funds. A further billion yen in assets belonging to the exchange were also lost.
In addition to XRP and Bitcoin, a total five different cryptocurrencies which had been stored in the affected BJP managed hot wallets, including Bitcoin Cash, Litecoin and Ethereum, were pilfered. The announcement indicated that Bitpoint’s cold wallets were not affected.
The report added that Bitpoint was one of a number of exchanges to be served a business improvement order from the Financial Service Agency (FSA), Japan’s far reaching financial regulator. The order was lifted in June and clearly has not been enough to thwart the threat of cyber incursions.