Hacked Japanese exchange Bitpoint resumes trading

Posted 07 August, 2019

A month after the hack, the Japanese cryptocurrency exchange BitPoint announced that it would resume work. BitPoint is known for its WEB trading platform.

The hack attack forced the exchange to terminate all services, including the API and intelligent API services and all payment services, BitPoint MT4, the BitPoint wallet application, and the BitPoint LITE application. The exchange reported the loss of digital assets, including 1,222 BTC, 1,985 BCH, 11,169 ETH and 5,108 LTC.

“On July 11, 2019, we discovered an illegal outflow of virtual currency managed by the Company (hereinafter referred to as “the Incident”), so we stopped all services, investigated the cause of the incident, prevented damage expansion, and We have been diligently implementing recovery measures and examining and implementing measures to prevent recurrence,” the company explained," the company then explained.

Operations will be restored gradually to ensure complete safety of further work.

“Based on these measures and measures, we plan to resume various services step by step in the following manner within the scope of ensuring the safety of the system from the services with high customer needs.” – stated in BitPoint.

At the moment, the deposit and withdrawal of fiat assets are working properly. The launch of OTC trading is scheduled for August 9, and BitPoint will resume cryptocurrency trading services on August 13. Customers who want to deposit and withdraw cryptocurrency will have to wait until September when these services become available.

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