•   News
  •   Social
  •   Market
  • News
  • Bitcoin
  • Cryptocurrency
  • Ethereum
  • Altcoins
  • Blockchain
  • Social
  • Bitcoin Regulation
  • ICO
  • Bitcoin Cash
CoinPath
  •   News
  •   Social
  •   Market
  • Contact
  • Facebook

  • Twitter

  • Pinterest

  • Instagram

  • LinkedIn

  • RSS


Home » Bitcoin crime »


Hacked Japanese Crypto Exchange Fesses Up New $2.3 Million Theft, $35 Million Total

Hacked Japanese Crypto Exchange Fesses Up New $2.3 Million Theft, $35 Million Total

After losing about ¥3 billion ($32 million) to cyber criminals last week, it now appears that hackers not only targeted the Japanese operations of Bitpoint but also other overseas exchanges running the firm’s cryptocurrency trading system.

According to The Japan Times, cryptocurrencies worth $2.3 million were stolen in an earlier attack which targeted Bitpoint’s subsidiaries. The Japanese cryptocurrency exchange did not, however, disclose which subsidiary or subsidiaries were affected.

Currently, Bitpoint Japan operates subsidiaries in Asia, South America and North America. Some of these subsidiaries are BITPoint Malaysia, BITPoint Hong Kong, BITPoint Peru and BITPoint Panama. In Thailand Bitpoint, in a joint venture with a local corporation, was earlier this year granted a license to operate as BiTherb.

Theft sends parent company’s stock crashing

In last week’s hack where cryptocurrencies worth $32 million were stolen, more than 70 percent of the affected funds – $23 million – belonged to customers. The funds were held in a hot wallet.

The hackers stole the funds in five cryptocurrencies namely Bitcoin, Bitcoin Cash, Ethereum, Litecoin and Ripple. The cryptocurrency exchange subsequently halted trading after discovering the security breach. Bitpoint also instructed its customers not to send funds to its receiving until further notice.

After the theft Bitpoint’s parent company Remixpoint Inc fell by over 18 percent on the Tokyo Stock Exchange.

Bitpoint

Top country for crypto, top target for thieves

Coming around 18 months since one of the biggest cryptocurrency exchange thefts in Japan and the world stern measures were taken by the country’s Financial Services Agency with a view of preventing similar security breaches.

However, it seems the Fast East country still has a long way to go before thefts from crypto exchanges become a thing of the past.

 » Read Full Article «

CCN
CCN
July 15, 2019
Related ItemsBitcoin crimeBitcoin Exchangebitpointcryptocurrency newsJapanNews
Bitcoin crime
July 15, 2019
CCN
CCN

Related ItemsBitcoin crimeBitcoin Exchangebitpointcryptocurrency newsJapanNews

More in Bitcoin crime

  • crypto-heist:-thieves-penetrate-bitcoin-atm-warehouse-to-steal-85-devices
    Read More
    Crypto Heist: Thieves Penetrate Bitcoin ATM Warehouse to Steal 85 Devices

    Bitcoin ATMs stored in a warehouse in the Malaysian town of Seremban were stolen. The heist mimics...

    CCN November 7, 2019
  • ‘instagram-influencer’-conman’s-crypto-scam-crashes-hard-in-dubai
    Read More
    ‘Instagram Influencer’ Conman’s Crypto Scam Crashes Hard in Dubai

    Aziz Com Mirza scammed victims millions of dollars through crypto fraud and other schemes. Though victims run...

    CCN November 1, 2019
  • australian-police-seize-illegal-gun-runner’s-bitcoin-to-cash-2000%-profit
    Read More
    Australian Police Seize Illegal Gun Runner’s Bitcoin to Cash 2000% Profit

    Australian authorities have become unwitting benefactors of Bitcoin’s impressive bull run in recent years. The Australia Federal...

    CCN October 23, 2019
  • bitcoin-blockchain-snoop-helps-feds-take-down-world’s-largest-child-porn-site
    Read More
    Bitcoin Blockchain Snoop Helps Feds Take Down World’s Largest Child Porn Site

    U.S. federal prosecutors have indicted a South Korean national behind the world’s largest darknet child sexual exploitation...

    CCN October 17, 2019
Scroll for more
Tap
CoinPath
  • Popular

  • Latest

  • crypto-exchange-news-update-for-1–30-november-2019
    Crypto Exchange News Update for 1–30 November 2019
    ExchangesDecember 2, 2019
  • crypto-developer’s-arrest-for-aiding-north-korea-echoes-eerily-prophetic-2008-nyt-profile
    Crypto Developer’s Arrest for Aiding North Korea Echoes Eerily Prophetic 2008 NYT Profile
    cryptocurrency newsNovember 30, 2019
  • karatbars-proves-its-business-model
    Karatbars Proves Its Business Model
    BlockchainNovember 15, 2019
  • planb:-$1,000,000-btc-prediction-on-track-despite-crypto-‘panic’-–-bitcoin,-xrp,-ethereum-newsflash
    PlanB: $1,000,000 BTC Prediction on Track Despite Crypto ‘Panic’ – Bitcoin, XRP, Ethereum Newsflash
    BitcoinNovember 23, 2019
  • pewdiepie-wants-a-tesla-cybertruck-because-it’s-basically-a-halo-warthog
    PewDiePie Wants a Tesla Cybertruck Because It’s Basically a Halo Warthog
    Elon MuskNovember 23, 2019
  • german-banks-allowed-to-sell-and-custody-crypto-assets-from-2020:-report
    German Banks Allowed to Sell and Custody Crypto Assets From 2020: Report
    businessNovember 29, 2019
  • was-upbit-hack-an-attempt-to-evade-taxes?
    Was Upbit Hack An Attempt To Evade Taxes?
    Altcoin NewsNovember 28, 2019
  • planb:-bitcoin-on-course-for-$100,000-after-halving-–-btc,-ripple,-xrp-and-litecoin-newsflash
    PlanB: Bitcoin on Course for $100,000 After Halving – BTC, Ripple, XRP and Litecoin Newsflash
    BitcoinDecember 2, 2019
  • the-pot-stock-crash-will-dent-bitcoin-price,-claims-peter-schiff
    The Pot Stock Crash Will Dent Bitcoin Price, Claims Peter Schiff
    BitcoinNovember 18, 2019
  • crypto-analyst’s-dire-bitcoin-and-xrp-forecast-goes-viral-–-btc,-ethereum,-eos,-tron-newsflash
    Crypto Analyst’s Dire Bitcoin and XRP Forecast Goes Viral – BTC, Ethereum, EOS, Tron Newsflash
    #TRXNovember 30, 2019
  • 3-reasons-why-ethereum-fundamentals-are-strong:-consensys-co-founder
    3 reasons why Ethereum fundamentals are strong: ConsenSys co-founder
    AnalysisDecember 14, 2019
  • vitalik-buterin:-ethereum-foundation-made-$100-million-by-selling-eth-at-ath
    Vitalik Buterin: Ethereum Foundation Made $100 Million by Selling ETH at ATH
    ETHDecember 14, 2019
  • november-analyst-call:-transcript-and-recording
    November Analyst Call: Transcript and Recording
    Analyst CallDecember 14, 2019
  • bitcoin-volatility-dwindling,-has-btc-taken-an-early-vacation?
    Bitcoin Volatility Dwindling, Has BTC Taken an Early Vacation?
    BitcoinDecember 14, 2019
  • bitcoin-app-bottle-pay-halts-ops-over-eu-money-laundering-laws
    Bitcoin app Bottle Pay halts ops over EU money laundering laws
    AdoptionDecember 14, 2019
  • bitcoin-set-to-shatter-$100k-in-2020,-says-ross-ulbricht-–-btc,-ripple,-xrp,-litecoin-updates
    Bitcoin Set to Shatter $100K in 2020, Says Ross Ulbricht – BTC, Ripple, XRP, Litecoin Updates
    AltcoinsDecember 14, 2019
  • sweden-joins-china-and-others-in-central-bank-crypto-race
    Sweden Joins China and Others in Central Bank Crypto Race
    CBDCDecember 14, 2019
  • quadriga's-bankrupt-customers-want-to-dig-up-deceased-ceo-for-'exhumation'
    Quadriga's bankrupt customers want to dig up deceased CEO for 'exhumation'
    AdoptionDecember 14, 2019
  • samson-mow-questions-the-worth-of-crypto-media’s-subscription-as-it-goes-overboard
    Samson Mow Questions the Worth of Crypto Media’s Subscription as it Goes Overboard
    Bitcoin NewsDecember 14, 2019
  • bitcoin-tipping-site-shutdowns-as-eu-regulations-threaten-crypto-collapse-in-2020
    Bitcoin Tipping Site Shutdowns as EU Regulations Threaten Crypto Collapse in 2020
    5AMLDDecember 14, 2019
    Sqreen | Runtime Application Protection
    About - Terms - Privacy - Disclaimer - Verification - Contact

    © 2019 CoinPath Pty Ltd
    Made with in Australia

    Bitpoint Discloses A Further $2.3 Million Is Missing From Hack
    Catching up or playing catch up? Justin Sun talks about Warren Buffett lunch