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3.5 bil. yen of cryptocurrency stolen from Bitpoint Japan english.kyodonews.net

posted by  AkihabaraBot | 6 years ago

The Tokyo-based company, established in 2016, said it will compensate the holders of the stolen assets totaling about 2.5 billion yen.
The remaining 1 billion yen was lost from the company's deposits.
The incident came as Japan's Financial Services Agency has been tightening regulations for cryptocurrency exchange operators after digital money worth around 58 billion yen was stolen from Tokyo-based cryptocurrency exchange Coincheck Inc. in 2018.
Bitpoint Japan has been managing some cryptocurrency in its hot wallet system to facilitate transactions, according to the press release.
Bitpoint Japan was among six cryptocurrency exchange operators ordered by the financial watchdog last year to improve internal controls, including management of customers' assets.