Bitpoint exchange loses $32 million worth of cryptocurrency in hot wallet hack

Japanese cryptocurrency exchange Bitpoint has been hacked, resulting in the loss of $32 million worth of various digital currencies, Bloomberg reports.

The majority of funds lost (approximately $23 million) belonged to customers, while the rest were owned by the exchange.

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A Google Translated version of Bitpoint’s note informing customers that operations have ceased.

Bitpoint has ceased operations and says the funds were stolen from a hot wallet that contained five cryptocurrencies including Bitcoin, Ripple, and Bitcoin Cash.

As of yet, the company says it is not aware of any funds taken from cold wallets.

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Japan’s Financial Services Agency ordered Bitpoint, and several other operators, to improve internal controls after Coincheck lost a staggering $516 million after it was attacked (possibly by Russian hackers) in January last year.