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Bitpoint publishes breakdown of stolen crypto assets

Tue, 16 Jul 2019, 12:46 pm UTC

Hacked cryptocurrency exchange Bitpoint has released a breakdown of the crypto assets it lost in the recent 3 billion yen heist on its platform, Cointelegraph reported.

According to the details published by Remix Point Inc., Bitpoint’s parent company, the hack affected funds in five crypto assets in total. The company has further broken down the stolen crypto assets into the portion owned by customers and those belonging to the company:

  • 1,225 Bitcoin (BTC) worth 15.3 billion yen — 1.28 billion yen (customers) and 250 million yen (firm)
  • 1,985 Bitcoin Cash (BCH) worth 70 million yen — 40 million yen (customers) and 0.2 billion yen (firm)
  • 11,169 Ether (ETH) worth 330 million yen — 240 million yen (customers) and 0.8 billion (firm)
  • 5,108 Litecoin (LTC) worth 0.5 billion yen — 40 million yen (customers) and 0.0 billion yen (firm)
  • 28,106,323 XRP worth 10.02 billion yen — 2.6 billion yen (customers) and 960 million yen (firm)

Overall, 2.6 billion yen worth of stolen funds belonged to customers and 960 million yen belonged to the company, totaling to 3.02 billion yen.

Earlier this week, Bitpoint said that it discovered 250 million yen (approximately $2.3 million) worth of cryptocurrencies lost in the hack, which brought down the initial estimate to 3.02 billion yen.

Reiterating its previous comment that only its hot wallets were compromised in the breach, the exchange said that it plans to move all of its holdings into cold storage. It added that it had not detected any “illegal leak from Cold Wallet.”

Bitpoint further said that it is cooperating with the Japan Virtual Currency Exchange Association (JVCEA) to minimize the spread of the damage. It is also reportedly cooperating with the Ripple Foundation and other overseas cryptocurrency exchanges on the incident.

The exchange had suspended its services soon after the hack. It said that it plans to resume its services soon and compensate customers.

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  • Bitcoin (BTC) $8,452.11 (+1.40%)
  • Ethereum (ETH) $163.96 (+2.17%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $329.17 (+6.23%)
  • Bitcoin SV (BSV) $269.81 (+3.90%)
  • Bitcoin (BTC) $8,452.11 (+1.40%)
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