• Bitpoint exchange was hacked on July 12 for a staggering $32m.
  • Of the $32m, $9.2m belonged to the exchange while $23m belonged to customers.

According to local English paper Mainchi, Bitpoint, a Japanese crypto exchange has found over 250m yen ($2.3m) in cryptocurrency - a part of the $32m amount that was stolen last week. As per the report, Bitpoint found the stolen currency on international exchanges that were using a trading system provided by Bitpoint Japan.

The exchange was hacked on July 12. 2.5b yen ($23m) of the stolen funds belonged to the customers whereas 1 billion ($9.2 million) belonged to Bitpoint. Bitcoin (BTC), Litecoin (LTC), Ether (ETH) and XRP were stolen from the exchange's hot wallets. 

While the company immediately stopped all the services post the hack, its parent firm Remixpoint Inc. shed 19% following the hack. In Tokyo, Remixpoint went untraded after the attack due to an alleged spike in sell orders. 

Notably, Bitpoint was one of several exchanges that received a business improvement order from the Financial Services Agency (FSA). One of the prominent concerns of the FSA was the exchange's compliance with KYC (know-your-customer) and Anti-Money Laundering. FSA also said that the customer funds were not distinguished from the exchange's funds in a clear, accurate manner.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Cryptos feed

Latest Crypto News & Analysis

Editors’ Picks

Top 3 price prediction Bitcoin, Ethereum, Ripple: Market ready to launch, not knowing who will lead it

One of these stories is the intense and profound relationship between Ethereum and Bitcoin. The story approaches a moment of decision, where what happens can mark the future.

More Bitcoin News

Ethereum Price Analysis: ETH/USD reverses Sunday gains as Istanbul-inspired enthusiasm is over

ETH/USD has retreated from the recent high of $152.14 reached on Sunday, following the successful Istanbul upgrade.

More Ethereum News

IOTA price analysis: IOT/USD loses ground, ignores positive fundamentals

IOTA is flashing with red colors. The coin retreated from the 18th position a month ago to 20th place in the global cryptocurrency rating amid strong bearish sentiments.

More IOTA News

Tezos Price Analysis: Whales send XTZ/USD to multi-month high

Tezos  (XTZ) is the best-performing digital asset today. The coin has gained over 6% of its value in recent 24 hours while all Bitcoin and all major altcoins have stayed in tight ranges amid low trading activity. 

More Tezos News


Bitcoin Weekly Forecast: It's all about whales again

On the cryptocurrency market, regulators, governments and central bankers and other big names like that are inferior to whales when it comes to generating trends and price movements.

Read the weekly forecast