Japanese Crypto Scene Slammed by Hack: $32M in XRP, Bitcoin, Others Sniped

Youch. A Japanese crypto asset exchange, Bitpoint, has just been subject to a large hack, during which attackers managed to steal over $30 million worth of Bitcoin, XRP, Ethereum, Litecoin, and other digital assets. The funds were siphoned out of the exchange via its hot wallet, not the cold wallets as first suggested by some users. This harrowing tidbit of news comes via Bloomberg.

Interestingly, the broader crypto market hasn’t reacted to this debacle, despite the fact that BTC has habitually fallen in the minutes and hours after the hacks of Binance, Bithumb, and so on and so forth. Though, shares of Bitpoint’s parent company, Remixpoint, fell by upwards of 19% on some markets and were actually temporarily frozen due to “a glut of sell orders” by panicked investors.

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