- Amount Lost: $32,000,000.00
- Funds Returned: $0.00
- Category: CeFi
- Date: 2019-7-12
Quick Summary
Bitpoint, a Tokyo-based cryptocurrency exchange, lost approximately 3.5 billion yen ($32 million) due to a security breach involving unauthorized access to the private keys of its hot wallet.
Details of the Exploit
The security breach occurred when unauthorized individuals gained access to the private keys of Bitpoint's hot wallet. The exchange noticed an error in the outgoing funds transfer system and promptly suspended its services. The total loss from this breach amounted to approximately 3.5 billion yen, which is roughly equivalent to $32 million.
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