Share this article
Japanese Crypto Exchange Bitpoint Restarting Trade Services
The exchange lost 3 billion yuan during a hack on July 11.
Updated Sep 14, 2021, 1:51 p.m. Published Aug 6, 2019, 1:42 a.m. 1 min read
Japanese crypto exchange Bitpoint is resuming some trading services following a $28 million hack in mid-July.
Bitpoint is re-opening cash deposits and withdrawals in fiat currencies on August 6th following a safety assessment of the exchange's cryptocurrency wallet. According to CoinDesk Japan, the hacked wallet is no longer in use and therefore not under threat.
Margin trading services will begin August 9th. The exchange says margin trading utilizes a similar wallet to fiat withdrawals. Spot trading will open on August 13th.
Bitpoint confirmed later the stolen crypto assets included 1,225 bitcoin, 1,985 bitcoin cash, 11,169 ether, and 5,108 litecoin. Trading was quickly shut off by the platform thereafter including deposits and withdrawals.
Parent company Remixpoint Inc. said $23 million of the $28 million were customer funds. The method or group behind the hack has yet to be disclosed with an investigation ongoing.
On July 16th, Bitpoint said the 50,000 affected customers will receive funds back on a 1:1 basis.
Image via CoinDesk archives
More For You
CNBC reported Tuesday that Musk is discussing a merger between Tesla and SpaceX that would tie his tech empire closer together and instantly create the world’s fifth-largest corporate bitcoin treasury, worth $3.3 billion.
What to know:
- Elon Musk is exploring a potential merger of Tesla and SpaceX, a move that would deepen operational overlap in areas such as power infrastructure and AI-related computing.
- A combined Tesla-SpaceX entity would control about 30,221 bitcoin, worth roughly $3.3 billion, making it the fifth-largest public corporate holder of the cryptocurrency.
Top Stories
