New York (The Verge) — Bitpoint cryptocurrency exchange loses $32 million in hack theverge.com/2019/7/12/2069….
Japan’s Bitpoint is the latest cryptocurrency exchange to be hit by a hack targeting its holdings; the exchange says around 3.5 billion yen ($32 million) of funds were stolen, with 2.5 billion yen of that belonging to customers.
Bitpoint has responded by suspending all services, including withdrawal, trading, and deposit. The company says it hasn’t detected any irregular activity or missing funds affecting cold wallets (those that aren’t connected to the internet).
Bitpoint’s problems come more than a year after hackers made off with $400 million from Coincheck, one of Japan’s largest cryptocurrency exchanges. The country’s financial authorities ordered exchanges to take precautions and bolster their security controls after that ordeal, says Bloomberg. — Chris Welch/@verge