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Bitpoint Japan finds part of stolen cryptocurrency

Mon, 15 Jul 2019, 05:50 am UTC

Bitpoint Japan, which recently suffered a major hack, has discovered a part of the stolen funds, The Mainichi reports.

The cryptocurrency exchange announced last week that it lost approximately $32 million in the hack which was detected on the night of July 11. Bitpoint had suspended all transactions and services soon after the hack.

The incident affected holdings in five different cryptocurrencies including bitcoin, XRP, Litecoin, ether, and bitcoin cash held in the hot wallet.

According to the media report, the exchange has found 250 million yen (approximately $2.3 million) worth of cryptocurrencies lost in the hack.

In its second report on the incident, Bitpoint said that the stolen cryptocurrencies were discovered on exchanges operating overseas that were using a trading system provided by Bitpoint Japan.

With the recovery of 250 million yen worth of crypto, the company’s revised estimate of initial loss stands at 3.02 billion yen.

Bitpoint said that it is continuing with its investigations and plans to establish measures to prevent any such incidents in the future. It is also examining the impact on the consolidated performance of the company and will release the details as soon as possible.

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  • Flower
  • 2020.02.01 22:55:49
Wow... that's a huge value.
April 2019 i lost over $30,000 in trading, I deposited $1500 and i traded for 5 months and i was not able to withdraw my money nor able to remove my initial deposit of $1500. After series of mails with no positive result. I was referred to tech guy on YouTube who track the trading transaction and recovered my frozen $30,000 with my initial deposit of $1500. You can check him out should you need similar help. zacharysmiths @ techie com
  • 0
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  • 0
  • gismat576
  • 2020.01.21 12:52:13
Do you know you can recover the funds you lost to heartless exchanges, scammers whom you have trusted with your coins, Many of these exchanges misappropriate money thinking users will not act. Beware of where you keep your coins, If you have lost any amount of money to an online broker, exchange or any online investment scam; including online dating. Contact ; info AT scamsrescue DOT com
Its never too late!
  • 0
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  • Saff
  • 2019.11.23 22:51:34
Have you ever gotten your bitcoins stolen from your wallet or invested in an ICO that turned out to be a scam, you are not alone because this happened to me too. I initially lost $90,000 in just 3 months from Cryptoallday, I contacted the authorities and they referred me to a bitcoin recovery company who helped me recover all my funds within less than 2 days... I'm speaking out to improve our awareness of these cryptocurrency thieves and help you if you have been a victim yourself. Simply visit their website at www bitcoinbinaryretrieval com
  • 0
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