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Bitpoint Taiwan Sues Parent Exchange for Overbilling After July Hack

 The Taiwan-based subsidiary of hacked crypto exchange Bitpoint Japan will file a $9.4 million damages suit as it claims to have been overbilled by the parent exchange.Overbilling is ‘clearly’ erroneousBitpoint Taiwan reportedly found that total funds it collected from local clients have been short by 500 million yen ($4.7

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Bitpoint Hack Shows That Regulators’ Scrutiny Does Not Equal Safety

On July 12, 2019, Tokyo-headquartered cryptocurrency exchange Bitpoint promptly suspended its services after noticing an error in the outgoing funds transfer system. Soon, an official announcement followed, revealing that the trading platform had lost around 3.5 billion yen (roughly $32 million) as a result of a security breach. The

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Japanese Crypto Exchange Bitpoint Loses $32 Million in a Hack and Ceases Operations

When it comes to cyber-attacks on cryptocurrency service providers such as crypto exchanges, trading platforms, wallet service providers, etc. Japan has been quite prolific. Recently, another Japanese crypto exchange, Bitpoint, stopped its trading services due to a major cryptocurrency hack resulting in a loss of about 3.5 billion Japanese Yen

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Bitpoint Hacked for $32 Million, Another Example of Crypto’s Volatility

A Tokyo-based cryptocurrency exchange called Bitpoint has suspended operations after it lost $32 million to a hacking last night. The company that runs the exchange, Remixpoint, discovered that ¥3.5 billion worth of various digital currencies had disappeared under its management. Bitpoint Hacked and Suspends Operations According to the exchange, the funds went missing

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Bitcoin Exchange Hack: $32 Million Stolen from Japanese Platform Bitpoint

The Japanese bitcoin exchange Bitpoint is the latest platform to fall victim to hackers, losing $32 million in cryptocurrencies according to a report by Remixpoint Inc., its parent company. Bitpoint joins other Japan-based exchanges, including Zaif and Coincheck to suffer losses due to cyberattacks. The platform could also face regulatory

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