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Friday, July 12, 2019

Bitpoint exchange lost $32 million in a latest cryptocurrency cyber attack


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Bitpoint, a Tokyo-based cryptocurrency exchange, and also Remixpoint's subsidiary confirmed this Friday that the company has lost hard-earned virtual money amounting $32 million in the latest Cryptocurrency cyberattack, reports CoinDesk Japan.

According to a statement released by Remixpoint, cybercriminals hacked the company's hot wallet fraudulently that caused the Japanese cryptocurrency exchange Bitpoint to lose 3.5 billion yen (approx. $32 million) of worth virtual money. Bitpoint, however, has temporarily disabled all transactions on its platform.

Remixpoint runs a variety of cryptocurrencies on the platform, including Bitcoin, Bitcoin Cash, XRP, and Litecoin. However, the company has not confirmed what types of assets were lost in cyberattacks, even though the attack resulted in the loss of hard-earned money.

The company further stated in a statement that the attack was confirmed on Thursday and apologized for any inconvenience caused to its customers.

As time served, attackers use different techniques and malicious programs to enter the machines, but this time, it was not confirmed how hackers gained access to the company's wallet.

Source1, 2 (in Japanese) | Via

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