32 mln Dollars of cryptocurrency stolen from BITPoint Japan

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New proof of that comes from Japan, where cryptocurrency exchange Bitpoint has been hacked to the tune of $32 million, CoinDesk reports.

The funds were stolen from a hot wallet - a bitcoin wallet that is online and connected to the Internet - that contained five cryptocurrencies including bitcoin and Bitcoin Cash.

Remixpoint said the lost money was in what is called the "hot wallet".

Following the outbreak, the exchange owner Remixpoint Inc. shut down all its services and took a nineteen percent (19%) on its shares.

Another cryptocurrency exchange in Japan has been hit by a major theft.

They confirmed the theft about four hours later the next day, and by 10:30 a.m. had halted all transactions and currency exchange.

In September 2018, the Zaif cryptocurrency exchange lost $60 million following a hack.

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The exchange said it detected the hack because of errors related to the remittance of Ripple funds to customers.

Japan has been relatively open to crypto currencies despite some high-profile heists.

Today's Bitpoint system compromise records this year's 6 system breach by hackers.

On July 12, crypto exchange Bitpoint announced that it had lost 3.5 billion yen.

Further investigation of the hack led Bitpoint to the revelation that Ripple wasn't the only cryptocurrency being targeted.

For instance, in January 2018, four of the largest crypto exchanges in South Korea created a hotline between themselves to assist them in communicating, detecting, and freezing immediately suspicious transactions.

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