Japanese Cryptocurrency Exchange Bitpoint has been hacked to the tune of $32 million.
Bitpoint in a notice on its website said it has “identified an unauthorized outflow of virtual currency,” which is why it has stopped trading as well as opening new accounts, in order to find the cause and minimize damage.
According to Bitpoint’s parent company, Remixpoint $23 million of the stolen funds belonged to the exchange’s customers. According to Nikkei Asian Review, Remixpoint plans to compensate those customers.
According to reports by CoinDesk, there’s no word on which coins were stolen, but CoinDesk has revealed that Bitpoint offered to trade in five cryptocurrencies; Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and XRP.
This is not the first incident of Cryptocurrency exchanges getting hacked. The last couple of months have not been particularly pleasant. Days ago, Singaporean crypto exchange Bitrue was hacked to the tune of $4.2 million. In May, Binance lost approximately $40 million due to a hack.
Bitpoint also isn’t the first Japanese exchange to get hacked. In Sept. 2018, Japan’s Zaif suffered the same fate, with hackers making off with $59 million worth of coins, and in Jan. 2018, another Japanese exchange, Coincheck, lost a devastating $424 million in a hack.
