Hacking of the Bitpoint cryptocurrency exchange with losses of more than $32 million

A Japanese cryptocurrency exchange called Bitpoint will have to suspend its services for a while, as it lost more than $32 million or ¥3.5 billion due to a hack. As a result, some digital currencies were stolen, including XRP. Remixpoint, the company that owns the cryptocurrency exchange, made a statement that the funds that were stolen from customers can be estimated at ¥2.5 billion, while the remaining funds belong to the aforementioned Bitpoint exchange. Some time after this event, Remixpoint’s shares fell significantly, by as much as 19 percent, and will not be traded on July 11. It should be noted that the funds were stolen directly from a hot exchange wallet containing 5 different digital currencies, including Bitcoin and Bitcoin Cash coins. However, according to the exchange, funds from cold wallets were not affected at all. The Japanese Financial Services Agency has been closely monitoring Bitpoint, which has been pushing for changes in cryptocurrency exchanges for the better, especially after the 2018 Coincheck hack.