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Scammers hacked the Japanese crypto exchange

On July 12, the Japanese crypto-exchange BitPoint was hacked by unknown hackers. Approximately 3.5 billion yen was stolen from the platform, which amounts to almost 32 million dollars. At the moment, an investigation is underway and all operations of the exchange are temporarily suspended.

According to the stock exchange itself, most of the stolen funds did not belong to BitPoint, but were stolen from personal accounts of clients. It remains unknown what cryptocurrencies were stolen, but it is assumed that we are talking about Bitcoin, Bitcoin Cash, Litecoin, XRP and Ethereum.

On the night of July 11-12, an error occurred in the system of trading digital currencies. The investigation showed that as a result of fraudulent actions, an illegal withdrawal of cryptocurrency occurred. The total amount of stolen assets is 3.5 billion yen, of which 2.5 billion ($ 23 million) are customer funds, the representatives of the exchange wrote in their statement.


It is noteworthy that BitPoint Japan has received permission from the Financial Services Agency of Japan (FSA) and is one of the licensed crypto-exchange. It is known that now the regulator is considering about 110 applications for conducting licensed activities related to cryptocurrency.

Recall that in 2018 two more Japanese cryptocurrency exchanges, Zaif and Coincheck, were hacked by hackers. In particular, the hacking of Coincheck is considered one of the largest thefts of funds in the history of the cryptocurrency industry then almost 58 billion yen ($ 533 million) were stolen in the NEM (XEM) cryptocurrency.

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