Japan-based cryptocurrency exchange Bitpoint has become the latest to lose tens of millions of dollars in a cyber-attack.
The firm said it was forced on Friday to stop all services including withdrawals, deposits, payments, and new account openings.
While it investigated the incident. It has also notified the relevant authorities in Japan.
Hackers managed to steal funds not only from the firm’s hot wallets, but also its offline cold wallets.
A total of around 3.5 billion yen ($32 million) had been stolen, most ($23m) of which were customer-owned funds.
Source: https://www.infosecurity-magazine.com/news/japanese-exchange-bitpoint/
TPRM report: https://scoringcyber.rankiteo.com/company/bitpointlatam
"id": "bit12127323",
"linkid": "bitpointlatam",
"type": "Cyber Attack",
"date": "07/2019",
"severity": "100",
"impact": "",
"explanation": "Attack threatening the organization's existence"{'affected_entities': [{'industry': 'Financial Services',
'location': 'Japan',
'name': 'Bitpoint',
'type': 'Cryptocurrency Exchange'}],
'description': 'Japan-based cryptocurrency exchange Bitpoint suffered a '
'cyber-attack resulting in the theft of approximately 3.5 '
'billion yen ($32 million), with $23 million being '
'customer-owned funds.',
'impact': {'downtime': 'Services stopped including withdrawals, deposits, '
'payments, and new account openings',
'financial_loss': '3.5 billion yen ($32 million)',
'operational_impact': 'All services halted'},
'investigation_status': 'Investigation in progress',
'motivation': 'Financial Gain',
'response': {'law_enforcement_notified': 'Relevant authorities in Japan '
'notified'},
'threat_actor': 'Hackers',
'title': 'Bitpoint Cryptocurrency Exchange Hack',
'type': 'Cyber-attack'}